Partners at defunct firm Garretts are likely to get back most of their capital, according to the most recent estimates. The firm, which dissolved on 10 June, turned over £37m in 2000/01. Figures for this financial year are not yet finalised, but it is understood that Garretts - which began its financial year in September - would have billed in the region of £28m in nine months. Former Andersen Legal senior partner Tony Williams told The Lawyer: "Because of the arrangements with Andersen, Garretts didn't have a landlord as such, so we had to sort out national insurance, PAYE and partners' capital. The projection at the moment is that we'd be very disappointed if we didn't manage a full recovery of capital. "By the middle of May it was reasonably obvious that we were going to [be okay]. We were doing balance sheets and each version was getting better and better." During the Andersen collapse it was feared that partners would lose much of their investment, but a relatively small number of redundancies has alleviated their financial situation. Williams said that out of a total staff of the collapsed firm, there were some 60 redundancies. "The vast majority of those were in support roles," he said.