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August 16, 2011 | International Edition

BDO reappointed as Halliwells report shows £600k pool for unsecured creditors

BDO has secured a six-month extension to its term overseeing the administration of collapsed law firm Halliwells. News of the reappointment of BDO joint administrators Dermot Power and Shay Bannon comes as it emerges that unsecured creditors may have to share a maximum of £600,000, despite BDO receiving claims worth £191.5m.
3 minute read
August 15, 2011 | International Edition

Fourteen ex-Halliwells partners instruct Irwin Mitchell to fight BDO claims

Irwin Mitchell has been instructed by a group of former Halliwells partners to fight claims that they are liable to repay drawings paid out in the months leading up to firm's collapse. The firm has been appointed by 14 former fixed-share partners at Halliwells to fight claims by Halliwells' administrator BDO that they should repay some drawings paid out in the months running up to the firm's collapse into insolvency on 20 July 2010.
3 minute read
July 21, 2011 | International Edition

Group of former Halliwells partners hit with £21m High Court claim

Halliwells' administrators have launched a claim in the High Court against a group of former partners in a bid to reclaim more than £21m gained through a controversial 'reverse premium' property payout. BDO launched the claim against Halliwells' former chairman Ian Austin (pictured) and 31 other ex-partners in the Chancery Division of the High Court earlier this month (4 July).
3 minute read
February 16, 2011 | International Edition

No more half measures: can Barlows' management prove the doubters wrong?

"We're focusing on stability," says Barlow Lyde & Gilbert senior partner Simon Konsta. And who could query those sentiments? Despite having built a reputation as one of the City's top insurance and litigation firms, Barlows has had an unhappy recent history. The last 15 years have been marked by a series of strategic shifts, while over the last five years financial performance has increasingly lagged behind its peer group. Since 2007 the firm has made repeated efforts to update its management and reshape its practice, with Barlows moving to refocus its business around its insurance core. The result has been a series of partner departures and a firm still searching for the stability Konsta cites.
23 minute read
October 06, 2010 | International Edition

Halliwells' £4m rent dispute drags on after mediation impasse

Halliwells' ex-partners are set for continued talks over the firm's £4m outstanding rent liabilities after failing to reach an agreement during the first round of mediation. A second meeting has been scheduled after the defunct firm's former partners failed to reach a compromise with fellow ex-partner Paul Thomas over the rent obligations. Thomas, a personal guarantor for Halliwells' former Manchester offices at St James's Court, is attempting to spread the liability for rent guaranteed on the premises until 2013.
2 minute read
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September 22, 2010 | International Edition

Halliwells £4m liability dispute escalates as partners exit LLP

The dispute over Halliwells' outstanding £4m in property liabilities has come to a head after 90 ex-partners resigned from the defunct firm's limited liability partnership (LLP). Filings with Companies House confirm the resignations - including former chief executive Ian Austin and approximately 30 equity partners - which came after a resolution to alter the partnership deed was agreed earlier this month. The changes enabled partners to resign with immediate effect without having to serve a notice period.
3 minute read
September 08, 2010 | International Edition

Divided we fall - behind the headlines, the drama and confusion of Halliwells' collapse

Halliwells has gone from sustaining blistering growth for a decade to becoming the largest legal casualty of the recession. Claire Ruckin goes behind the headlines to expose the drama and confusion of the northern giant's collapse...
33 minute read
May 04, 2010 | International Edition

Kennedys adds seven to partnership as firm confirms LLP conversion

Kennedys has made up seven new partners as the firm converts to a limited liability partnership (LLP) structure as of 1 May. In its first promotions round since joining the UK top 50 last year, the insurance firm has made up five partners in the UK with a further two coming in the firm's base in Hong Kong.
2 minute read
February 10, 2010 | Legal Week

Women in law: Role models

"When I first started out I was doing a range of work - it was excellent exposure and I had to grow up very fast. It was the boom time in the late 80s and I decided to try my hand at a bigger firm. It was intimidating at first - every second person seemed to be public school and I thought I'd made a mistake. But I realised it was a lot more diverse, grew to love it and got involved in all sorts of interesting work. I haven't looked back."
38 minute read
April 09, 2009 | International Edition

Hextalls set to relaunch after administration

Insurance boutique Hextalls is set to relaunch through a pre-pack administration in an unusual legal move, with restructuring specialist Begbies Traynor set to be appointed as the law firm's administrator. Begbies is expected to be named as the limited liability partnership's (LLP) administrator without the next few days, following a court order.Hextalls, which has lost a number of partners in recent months, including a liability team to Kennedys and the separate departure of chairman Matthew Clarke, has been facing cash flow difficulties and problems with historic debt.
3 minute read

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