Exclusive: Capsticks to make swathe of lawyers redundant

RollOnFriday understands that medical negligence firm Capsticks is making at least 15 lawyers redundant.

The fee-earners losing their jobs are reported to all be in the firm's public healthcare department. In 2013 Capsticks raided DAC Beachcroft for five healthcare partners, but the source who tipped off RollOnFriday says the move "has not paid off". Apparently not.

Capsticks yesterday

Capsticks isn't a massive outfit and the redundancies mean it's losing a significant chunk of its lawyers. It's the biggest cull at the firm since it threw out that partner for fiddling expenses.

A spokeswoman confirmed to RollOnFriday that consultations were underway, but said that only "a small number of individuals" were at risk and that "where possible we will redeploy these individuals within the firm".

In a statement the firm said that "the healthcare sector has been undergoing major structural changes over the last two years, and some of our clients are under considerable financial pressure." And, "Unfortunately, these factors have impacted on certain areas of our work, and the staff working in those areas".

Update: Capsticks tells RollOnFriday 10 jobs are at risk. Read more on Friday,

Comments

They'd do well not taking on trainees to qualification this year, sorry to say.

It's a real shame but when they operate in a declining market, with low hourly rates and reducing margins it has to be expected. Other firms in the same sector such as Browne Jacobson and DACB at least have the nowse to be diverse and adaptable. Capsticks should have known the market better - isn't that what they claim to do after all?!! The Capsticks board have really let their people down.

Quite right [email protected], everyone knows the rates for insurance work are sky high and are on the up. Why DACB's PEP has been decreasing for the last 4 years and they have had five(ish) rounds of redundancies is a mystery.

Stay classy @19:51 (or Capsticks partner as you may prefer to be known) as you're making cheap shots at competitors, as people are at home worrying about whether they have a job or not.

No cheap shots, just think it is strange to hold the business model of a firm with the highest number of redundancies and the worst debt in the sector in such high esteem. But then what do I know? I am just a lowly solicitor who thankfully works for one of the less newsworthy healthcare firms.