Comments made by Peter Jackson, the chief executive of Hill Dickinson, have fuelled speculation that the firm is set to sell its insurance business group to Keoghs.
Preliminary talks between the two firms have taken place, which would see Hill Dickinson’s insurance department switch to Keoghs. Any transaction would exclude Hill Dickinson’s marine insurance and clinical negligence work.
The Law Society Gazette has reported Jackson as saying that any transfer of the business to its rival would be beneficial for staff.
“I believe that our partners and staff involved in any transition would benefit from moving to a firm whose sole focus is insurance and has invested heavily in IT to service clients efficiently,” said Jackson (pictured).
“Furthermore, it would allow us to focus our resource and efforts of future strategic growth, including marine, commercial and health work, while maintaining close relationships with Keoghs to provide an enhanced offering to our retained clients who require insurance related advice.”
Hill Dickinson’s insurance business group had a revenue of £23 million in the firm’s most recent financial results. It is made up of 16 partners and more than 400 other staff.