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26 July 1999
3 November 1997
13 January 1998
9 June 1999
14 April 1998
4 December 1999
Co'sdefunct debt recovery department.Addleshaws announced the shutdown of its 85-strongdebt recovery unit,part of the Recovery Management Group (RMG) on 22 July.Clients havebeen informed the firm will stop taking instructions from theend of August.Jonesdismisses rumours the firm will sell the RMG and says staff will beoffered jobs in thefirm.He says: "There are a number of existing vacancies in the housing department."Itis inevitable some people will want to move but we will try andre-employeveryone."Andrew Chappell, operations partner at Dibbs' Bradford office, says: "Wehavegot a list of the major clients who we are contacting."There will be richpickings."Commenting on the decision to close the operation, Mark Jones, managingpartnerat Addleshaws, says: "We are seeking to develop the firm in threecore areas which arecorporate finance, banking and property, specificallycontentious andnon-contentious."The housing division, located at the firm's Pall Mall officeinManchester, will be relocated to Addleshaws' David Street offices in Leeds.The leasedPall Mall office will close at the end of the year.Litigation partner Anthony Ruane,head of the RMG, will lead the housinggroup. Team supervisor Peter Mayor will becomelegal services manager.Jones says: "[The group] does not sit comfortably with our visionof anational law firm at the top of its market."But Chappell says: "I was surprised atthe decision."If you have got a team with the proper set-up with the right processesitcan be very supportive of the corporate department."He adds: "It is also a veryprofitable department."
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