Hammonds' partnership has completed the multimillion-pound sell-off of debt litigation practice Drydens. Drydens, which was set up in 1984 as a unit within Hammonds and spun off in 2003 as a separate law firm headed up by former Hammonds assistant Rachael Charmbury, has been sold to insolvency practitioner Philip Holden for several millions of pounds. The sale was completed last week (12 June) after the business - which turns over approximately £7m a year - was put up for sale in February.
June 16, 2009 at 05:38 AM
1 minute read
The original version of this story was published on Legalweek
Hammonds’ partnership has completed the multimillion-pound sell-off of debt litigation practice Drydens.
Drydens, which was set up in 1984 as a unit within Hammonds and spun off in 2003 as a separate law firm headed up by former Hammonds assistant Rachael Charmbury, has been sold to insolvency practitioner Philip Holden for several millions of pounds.
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