A little ambition can be a dangerous thing. As Legal Week recently reported, Hammonds has kicked off a review of its London arm, the practice that the then Hammond Suddards launched with such high expectations more than a decade ago. News of the review coincided with outside claims, vigorously denied by Hammonds, that the firm is moving to downsize the practice, in part to cut considerable property costs incurred by unused London office space.
The amount of unused real estate will further increase if, as expected, Hammonds faces further senior departures when equity partners are allowed to resign again on 31 March.
