North West firm Halliwells last week finalised the takeover of niche insolvency practice LCL Law’s Manchester office.
Duncan Haymes, who left Hammonds just two years ago to help set up LCL Law, is joining Halliwells as a partner, bringing with him associate Dominic Vincent.
Halliwells approached Haymes four months ago to discuss acquiring the LCL office. Negotiations were completed last Wednesday (4 August).
The deal means Halliwells has acquired LCL’s work in progress in Manchester, assuming clients give their consent. Some clients are expected to be those who followed Haymes to LCL Law on his departure from Hammonds in 2002.
Speaking exclusively to The Lawyer, Haymes said: “Halliwells has got a good name as a commercial and entrepreneurial practice. What decided me was that, having worked in a smaller practice for almost two years, it could offer one or two things we didn’t have.”
He added that the split from LCL’s three remaining partners was entirely amicable. Philip Holden, Jeremy Bennett and Tim Pope will continue to run the niche firm from Leeds and London.