The highly-rated head of Hammond Suddards Edge’s national insolvency and corporate recovery practice is retiring.
Paul Rhodes, who is based in the firm’s Leeds office, has been head of the practice for two and a half years, since joining from arch rival DLA. He was managing partner of the then Dibb Lupton Broomhead between 1993 and 1996, and then worked on setting up a management consultancy business until 1998.
He will carry on working as a consultant to Hammonds Suddards Edge, and the firm says it does not yet know who will replace him as head of the practice.
The firm’s managing partner Chris Jones will take over the running of the practice until a replacement for Rhodes is chosen.
Rhodes says: “I’m leaving, I got tired, I’m just knackered. When you haven’t got the drive you’re no use to anyone. I have had an enjoyable two years and that’s the end of the story.
“We’ve got a better team in place than we had on day one, and we’ve doubled turnover, which is now £10m. Monday [30 April] is my last day running the unit, but I’ll stay on as a consultant with a considerably reduced role.”
The firm’s Leeds practice acts for banking clients that include Barclays, HSBC, the Bank of Scotland and Lloyds TSB, and boasts a strong accountancy client base.
Rhodes’ departure coincides with that of highly-regarded London insolvency partner Tim Pope, who cites lifestyle reasons for his exit. Pope joined Hammonds from Dibb Lupton Alsop in 1996.
Pope says: “I’m going to have some time away from the law, pursue other interests and go travelling. I’ve enjoyed myself at Hammonds – it’s been a great firm to work for and I’m not looking at other firms at the present time.”