After weeks of negotiations, three firms will carve up the bulk of failed firm Halliwells (see story).
The deal went down to the wire with a second potentially client-alienating 10-day period, in which Halliwells had to either do a deal or go into administration, ending yesterday.
So that’s good news for the Manchester insurance, corporate, employment, IP and real estate practices, together with dozens of lawyers in Liverpool, London and Sheffield.
It’s also a fantastic development for Halliwells senior management, who have found new homes for themselves.
Executive chairman Ian Austin seemed particularly eager to get stuck into his new role as head of commercial litigation at Heatons (see story).
Last week, as horse-trading continued over who would get what and how many and for how much, Austin announced he couldn’t “wait to get started” in his new position.
The dozens of support staff, fee-earners and trainees who didn’t fit in with the commercial objectives of the acquiring firms may be forgiven for not sharing the same level of enthusiasm about joining the dole queue.
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