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Manchester firm Pannone was marking the end of an era last week as senior partner Joy Kingsley announced she is leaving the firm for a much smaller local rival JMW Solicitors.
Pannone, 13 Old Square’s Michael Booth QC and Serle Court’s David Casement QC have become embroiled in a legal battle between Isle of Man millionaire Albert Gubay and his former lawyer Peter Willers in a multi million pound case set to be heard by the High Court next year.
Pannone senior partner Joy Kingsley is leaving the Manchester firm after 32 years to join local rival JMW Solicitors.
Former Clyde & Co chief operating officer David Jabbari has joined national firm Pannone as a partner with specific responsibility for building the firm’s UK-wide referral network Connect2Law.
North West firm Pannone is set to make its second round of redundancies this year with 16 lawyer and support staff positions facing the axe.
North West firm Pannone is mulling redundancies in its construction, road traffic accident and family teams in Manchester, as up to 12 fee earners and support staff look set to lose their jobs when the firm closes two satellite offices.
The head of court of protection at Pannone’s Manchester office has left the firm to set up his own court of protection outfit with former Pannone partner Rachel Dobson.
The future of Pannone’s longstanding relationship with the Co-operative is in doubt as the mutual retailer prepares to ramp up its legal services division later this year.
Pannone’s turnover fell by nearly 3 per cent in the 2011-12 financial year but average profit per equity partner (PEP) rose by 8 per cent after the firm cut costs by £1.5m.
The top earner at Pannone made £398,000 during the 2009-10 financial year, a 62 per cent increase on the previous financial year, the firm’s LLP accounts have revealed.
Pannone has launched a corporate crime team in London, as it posts a six per cent drop in turnover and average profit per equity partner (PEP) remains static.
JMW Solicitors senior partner Joy Kingsley has brought over a partner from her former firm Pannone to become head of employment.
The new managing partner of Manchester firm Pannone has implemented a raft of changes since taking the helm earlier this year, saying she is “the sort of person who likes a challenge”.
Thomas Eggar is set to merge with 40-lawyer London firm Pritchard Englefield, boosting its revenue by 17 per cent to roughly £42m and doubling the size of its City base.
Pannone has shaken up its partnership model and made up seven lawyers to the new role of junior equity partner but none to full partner, in its annual round of promotions.
Co-operative Legal Services (CLS) today (12 January) launched the largest recruitment drive in its history ahead of its intended conversion to an alternative business structure.
Pannone has bulked up in the City with the hire of corporate partner Catherine McLoughlin - the eighth partner to join the firm in 12 months.
Pannone has signed up St Johns Buildings to handle commodity litigation work stemming from its white-label arm Affinity Solutions.
Pannone’s average profit per equity partner (PEP) fell 9.5 per cent in the 2010-11 financial year with the firm blaming restructuring costs for the drop.
Pannone is set to launch a white-label division to capitalise on the new opportunities that will arise when the Legal Services Act (LSA) comes into full force.