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Hammonds
Internal promotions
2005-06: Litigation 2, commercial/IP
3, tax 1, real estate/planning 2,
finance 1, construction 1, corporate
3, pensions 2
2004-05: Employment 1, real estate 1, finance 1, construction 1, corporate 2, pensions 2 2003-04: Litigation 1, employment 3, commercial/IP 1, real estate 2, finance 2, construction 2, corporate 1
Laterals
2005-06: Property 1, corporate 1,
construction 1, employment 1,
finance 1
2004-05: Finance 3, corporate 2, commercial/IP 1, corporate dispute resolution 1 2003-04: Corporate 2, commercial/IP 5, finance 2, construction 1, tax 1, real estate 1
Intake as percentage of partnership 2005-06: 10
New female partners as percentage of intake 2005-06: 20
Equity structure: 103 equity
partners, 101 non-equity partners
Practice area(s) most heavily promoted: Real estate, construction,
pensions
Hammonds’ well-documented difficulties during the past two years led to an equity partner lock-in at the beginning of 2005-06, so all promotions since then have been into the junior layer – although, as from 2004- 05, junior partners also have to provide a certain amount of capital to the firm, usually between £20,000 and £30,000 each. The firm has made 35 promotions in the past three years. These have been across the board, although the employment and pensions groups have done the best; each has made up four partners in three years. Real estate has also been a consistent promoter, with two in 2003-04, one in 2004-05 and two in 2005-06. Laterals have tended to be across the board. London has got the most internal partners, though, in most recent times, with five in 2005-06. The most prolific office has been Birmingham, with a total of 10 partner promotions in three years. This compares with nine in Leeds, eight in London and seven in Manchester. |
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