Commentary: Hammonds' cut-price delisting divides war-weary AIM vets
Even for a market that has suffered a torrid 18 months, Hammonds' recent offer to delist companies from London's Alternative Investment Market (AIM) for a £5,000 fee seems awfully symbolic - and not in a good way. After all, this market had not so long ago been one of the most lucrative for mid-market advisers. That is hard to square with Hammonds' recent move to send out flyers to at least 20 nominated advisers offering to delist AIM companies with a market cap of less than £20m for a fixed fee of £5,000.At first glance, it is hard to see how any top 50 law firm can turn a profit on those figures. However, Hammonds' latest initiative is shrewder than it sounds, as it is aiming to use the delisting as a foundation for future relationships along the realms of providing commercial, employment, pensions and tax advice.
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