Opinion Opinion: Liabilities of acquiring failed firms’ cases should be clarified By The Lawyer 17 January 2011 00:00 17 December 2015 15:34 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Project Halliwells 18 January 2011 at 08:44 Simples – do what they did at Halliwells. Put the firm into administration, set up new sub LLP’s, buy the distressed firms assets from the administrators and drop them into the new LLP. Then do your DD from afar before bringing the performers into the top LLP, kiss the poor performers goodbye and collapse the sub LLP. Result! Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.