The Royal Bank of Scotland is set to write off up to 15 million pounds ($23 million) in the wake of the break-up and sale of Halliwells, it has emerged.
RBS, which was owed substantial sums in corporate debt and partner loans from Halliwells, recovered just over $11 million (7 million pounds) from the sales, with Barlow Lyde & Gilbert and HBJ Gateley Wareing — which took the largest teams — paying $4 million (2.5 million pounds) each. Hill Dickinson paid $2.8 million (1.88 million pounds), while Kennedys paid $200,000 (125,000 pounds) for the Sheffield office.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]