BDO called in as joint administrator of Halliwells as law firm sells off business
BDO HAS been appointed as administrator of collapsed legal outfit Halliwells as rivals move in to buy up the firm’s assets.
Restructuring partners Dermot Power and Shay Bannon at BDO were appointed as joint administrators of the Manchester-based firm late on Tuesday night just before the company agreed on sales to rival firms.
Barlow Lyde & Gilbert, Hill Dickinson, HBJ Gateley Wareing and Kennedys have all moved in to buy up parts of the business which employed 136 partners and 690 professional staff.
Power said: “Securing sales of the business to other highly regarded firms is positive news for the employees and the industry as a whole.”
Barlows bought Halliwells insurance practice, while Hill Dickinson acquired the firm’s Liverpool office.
HBJ Gateley Wareing has agreed to take on parts of Halliwells’ Manchester and City offices, while Kennedys will takeover the firm’s Sheffield office.
Over 700 jobs was have been saved through the sales with just 38 Halliwells staff facing redundancy.