-----Original Message-----
From: The Lawyer <lawsubs@centaur.cccampaigns.net>
Date: Mon, 28 Jun 2010 13:35:30
To: <andrewcawkwell@live.co.uk>
Subject: No more heroes at Halliwells
<http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMrg_H>
<http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMrw_G>
Monday 28th June 2010, 14.30 GMT
Total Recipients: 54,884 `
Lawyer News Daily
No more heroes at Halliwells
Questionable management, delusions of grandeur, overpaid and overrated...
Not the England football team this time. No, while those particular lifeless sacks of disappointment come home to the welcome they deserve, these familiar criticisms are being levelled at those who ran North West firm Halliwells.
In particular, the firm's 'golden generation' of equity partners, who - like a Mancunian Fabio Capello - have repaid their supporters with an early exit. In this case by taking the firm into administration (see
story <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMrA_B> ) prior to an acquisition by Hill Dickinson.
The partners blame "high property costs", presumably referring to a 2007 move into an upmarket base camp in Manchester, where - like a WAG's mock Tudor mansion in Cheshire - the expensive taste suitably reflected their own opinion of themselves.
The equity partners then distributed a £21m property-related windfall among themselves, with only a fraction finding its way back into the business.
A decision that shall subsequently be known as the "Heskey".
The firm's loyal supporters, some 813 staff, will want a post mortem into why anyone thought this was a good idea (judging by the comments on TheLawyer.com <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMrQ_A> , some think a live autopsy would be more appropriate).
But their first task will be finding out if they still have a job when the process is over.
England fans should look on the bright side. At least their team didn't score an own goal.
----
Also in The Lawyer today: photos from The Lawyer Awards <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMog_D> last week (are you in them?); why Berwin Leighton Paisner <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMow_C> took the crown; Clifford
Chance <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMoA_d> tops UK deals tables; and a postcard from Tanzania <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMoQ_c> .
----
And: the deadline for the return of The Lawyer UK200 questionnaire is upon us. If you have a query, email matt.byrne@thelawyer.com
Latest News
28-June-2010 Halliwells'
assets up for grabs as firm goes into administration <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMpg_f>
28-June-2010 Norton
Rose ups litigation practice after a record year <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMpA_Z>
28-June-2010 Eversheds
faces negligence claim <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMug_b>
28-June-2010 TLT
hires Halliwells litigation duo for nascent City office <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMuA_V>
28-June-2010 Burges
Salmon boosts insolvency team with Taylor Wessing hire <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMvg_X>
28-June-2010 Watson
Burton plugs leadership vacancy <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMvA_R>
----------------
Most commented stories
25-June-2010 Halliwells
appoints administrator; BLG and Hill Dicks vie for assets <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMsg_T>
21-June-2010 Simmons
and Mayer Brown merger talks: round two <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMsA-t>
25-June-2010 Halliwells
trainees face uncertain future as firm files for administration <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMtg-v>
23-June-2010 The
Lawyer Awards 2010: Winners! <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMtA-p>
14-June-2010 Innocent's
loss <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMSg-r> Send to a friend
<mailto:?SUBJECT=Recommended%20reading&BODY=I%20find%20The%20Lawyer%20News%20Daily%20extremely%20useful%20and%20thought%20you%20may%20find%20it%20of%20interest%20too.%20http://www.thelawyer.com>
<http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMSA-l>
<http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMSQ-k>
If you have a friend or colleague that you think might find Lawyer News Daily informative, why not forward it to them?
New users please register at: https://myaccount.thelawyer.com/register.aspx <http://tre.emv3.com/HS?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMTg-n>
----------------
To unsubscribe please log in and amend your email preferences by clicking here <http://tre.emv3.com/HP?a=DNX7CkLKSD4Z8SA9MOOr4tjnGHxKRzCMTw-m> .
(Please allow 7 days for processing)
PLEASE DO NOT REPLY TO THIS EMAIL as the return mailbox is not monitored.
If you wish to contact us, please send a separate email to feedback@thelawyer.com <mailto:feedback@thelawyer.com>
----------------
The Lawyer and The Lawyer.com are part of Centaur Media PLC St Giles House,
50 Poland Street, London, W1F 7AX
Copyright 2010 The Lawyer / Lawyer News Daily <http://tre.emv3.com/HO?DdX7CkLKSD4Z8SA9MOPfGDPnGHxKbXnK6AjtS5lH1p48J4A.gif>
No comments:
Post a Comment