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.
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