X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Niche banking and insolvency firm Wilde & Partners is to dissolve following the departure of the majority of its partners and fee earners to national firm Hammond Suddards Edge.Hammonds has today (17 July) confirmed that five partners and more than 20 fee earners will be joining the firm next month.“We will be moving to Hammonds on the 13th of next month and dissolving the partnership the day before,” equity partner and head of commercial Robert Weekes told Legal Week.The bulk of the lawyers come from Wildes’ core receivables financing and asset based lending practice.Equity partners Weekes and Andrew Watson will be joining Hammonds as full equity partners while current Wildes’ senior partner Simon Boon will be joining the firm as a consultant along with the founder of the firm Ed Wilde.Salaried litigation partners Bob Scott and Lawrence Winston will join Hammonds as partners.Of the three remaining Wildes’ partners, equity partner Matthew Halton is to move to City firm Kingsford Stacey Blackwell, and salaried partners Abraham Ezekiel, an insolvency lawyer, and Martin Smith, a property lawyer, are currently in negotiations with Hammonds.Around 20 fee earners will also move to Hammonds. Out of a total headcount of 60, 30-40 will be moving over, including support staff.Hammonds intends to set up a 12 partner, 40 lawyer financial law department incorporating Hammonds’ and Wildes’ receivables financing, asset based lending, insolvency and banking work. The department is budgeted to turnover £9-10m. Wildes’ debt recovery department will be moved to Hammonds’ bulk office in Bradford.Watson said: “Together we will be the UK’s strongest fully integrated business finance and recovery practice attracting work at all levels with the ability to service clients on a pan-European level.”“We need Hammonds national and overseas offices,” he added.Wildes counts Deutsche Financial Services, Bibby Factors, Close Brothers, Bank of America and Lloyds TSB among its clients.

This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.

A PREMIUM SUBSCRIPTION PROVIDES:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site's full archive of more than 56,000 articles

Already have an account?

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651

 

Legal Week Newsletters & Alerts

Sign Up Today and Never Miss Another Story.

As part of your subscription, you can sign up for an unlimited number of a wide range of complimentary newsletters and alerts. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.