Halliwells buyout helps Gateley post 19 per cent turnover rise
Gateley has posted an 18.7 per cent increase in turnover for the 2010-11 financial year and made up two new partners in its annual round of promotions.
Spinningfields
The firm’s turnover for the 2010-11 financial year was £58.9m, up from £49.6m in 2009-10.
Real estate lawyers Colin Gittus and Andrew Mellor have been promoted to partner. Gittus is based in Leicester and Mellor is based in Birmingham.
In addition to the two new partners, 18 trainees have been made up to associate, five lawyers were made senior solicitor and there were seven promotions to senior associate.
In 2010 Gateley (then HBJ Gateley Wareing), along with Barlow Lyde & Gilbert took over the majority of failed firm Halliwells’ assets, including 463 members of staff (21 July 2010).
As part of that deal the firm took on Halliwells’ banking and finance, corporate, real estate, real estate litigation, corporate recovery, commercial litigation, intellectual property, employment, pensions and construction teams. It moved into Halliwells’ Spinningfields office in Manchester, with Halliwells partner Rod Waldie taking over management of the office.
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Readers' comments (5)
Pep Reversal? | 26-May-2011 8:53 am
The purchase price paid to Halliwells Administrators combined with the additional overheads ought to have led to a greater increase in in turnover. It would be very interesting to know what the Manchester office contributed. Halliwells claimed to be turning over 80M in its pomp so it looks like the Insurance Division which didn't move to Gateley Waring was the power house after all. Many of us will remember how many Halliwells commercial partners tried to deny that fact. I suspect that Manchester's contribution to GW's turnover figures will prove it. It will be interesting to see whether the sub LLP operated in Manchester/all of the Manchester partners survive the next 12 months.
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Anonymous | 26-May-2011 12:21 pm
18 trainees have been made up to associate - once again Gateleys doesnt make sense!!!!!!
Seems that Gateley management have taken their eyes off the ball again.
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Anonymous | 27-May-2011 10:19 am
It looks like the Manchester lock in may not be quite so long for some of the partners!
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Anonymous | 29-May-2011 6:44 pm
Manchester are gonna' leave...good for them.
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Anonymous | 2-Jun-2011 10:54 am
Manchester are going to run....good for them. They were stitched up by Gateleys. Heaven only knows why any of the staff stayed. Commendable loyalty.
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