Jaggard: The wider health of the business is very good
Fast-growing national law firm Taylor Rose has announced a restructuring which will see it shut down four teams and lead to some redundancies.
The firm, which has more than 800 staff in 40 offices, is to consolidate its 13 departments into three main divisions: property and private client, dispute resolution, and corporate/commercial.
However, it is closing down its legally aid family and criminal & extradition teams, although some lawyers are expected to stay on to handle privately funded work.
Taylor Rose has also decided to shutter its credit hire and costs teams, with all these areas no longer fitting its “strategic plans”.
There is also to be a “strategic review” of the personal injury department, with a view to consolidating the Taylor Rose and legacy McMillan Williams teams – it bought McMillan Williams in 2020.
Taylor Rose will continue to handle legally aided clinical negligence and inquest work. Legal aid represents less than 4% of its turnover, which was £83.6m (up 5.4%) in the year to 30 September 2023.
“The changes aim to simplify the business, increase profitability, and drive continued and sustained long-term revenue growth,” a statement said.
It is now entering a period of individual consultation with affected employees and a spokesman said it was impossible to say at the moment how many would be made redundant.
“The firm will provide support to those affected by the restructure, including seeking opportunities external to Taylor Rose as well as within other teams at the firm where appropriate roles exist.”
Adrian Jaggard, chief executive of Taylor Rose and its parent AIIC Group, said: “We’ve made these decisions for the long-term benefit of the business, but of course, they’re not easy decisions to make. I wish to thank all the individuals in the teams impacted for their service, and we will of course do everything we can to support any team members affected.
“Though change is never easy, the wider health of the business is very good and we are confident that the restructure will put us in an even stronger position to continue our growth. We will of course continue to invest in and support those areas that are central to our strategy.”
Last month, FDR Law, a general practice Taylor Rose bought in 2021, was relaunched as a specialist property law firm for self-employed consultants.
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