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Halliwells’ assets up for grabs as firm files to go into administration

"It's too early to know exactly what happened at Halliwells, but it seems they took on too many costs without sufficient income to cover them." Expert comment if ever I saw one - and FOC. Any more ? "Partners in firms need to ensure that their business model is sound and that their drawings do not exceed their earnings." This really is radical thinking for the legal sector. Personally I'm not sure it will catch on. What next - "if you borrow money expect to have to repay it". Nah - have to draw the line somewhere.

28-Jun-2010

7:46 pm