TITLE

Hammonds set to seal the deal with Rossotto

AUTHOR(S)
Harris, Joanne; Begum, Husnara
PUB. DATE
September 2005
SOURCE
Lawyer;9/12/2005, Vol. 19 Issue 35, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Hammonds is close to reaching an agreement with its dissenting Italian partners, but must reach profit per point levels of £12,000 to ensure that its profitable Hammonds Rossotto branch remains with the firm. Italian managing partner Ricardo Rossotto had delayed the full integration of the 2002 merger between Hammonds and Rossotto e Associati. The transition agreement, currently in draft form, will see Rossotto and his partners stay with the firm for a further two years. But if the £12,000 per point mark is not reached within 12 months, the Italians are reserving the option to pull out. After an analysis of the firm, partners were asked to examine the ways it can best deliver what clients want.
ACCESSION #
18345864

 

Related Articles

  • Hammonds-Rossotto reconciliation stalls. Begum, Husnara // Lawyer;11/14/2005, Vol. 19 Issue 44, p3 

    The article reports that the negotiations of Hammonds with its dissenting Italian partners have stalled after both sides failed to agree on the terms of a transition agreement to retain its profitable branch of the company Rossotto e Associati. The transition agreement will see Italian managing...

  • Hammonds' Italian rebels deliver the final ultimatum. O'Connor, Joanne; Harris, Joanne // Lawyer;5/2/2005, Vol. 19 Issue 17, p1 

    Reports that Hammonds' Italian practice has threaten its British arm to improve profits or face a final split. Decision of Hammonds Rossotto managing director Ricardo Rossotto to delay full integration until the British arm matches their profits; Claim that Hammonds' international board is...

  • Kuwait.  // MEED: Middle East Economic Digest;2/12/1999, Vol. 43 Issue 6, p19 

    Presents business news briefs from Kuwait, compiled as of February 12, 1999. Includes the Ministry of Electricity & Water's call for bids for the supply and installation of a main transformer station at Sulibikhat; Closing date for prequalification for Kuwait National Petroleum Co.'s coke...

  • Mostly good news in the region. Klein, Ed // Fairfield County Business Journal;12/17/2001, Vol. 40 Issue 51, p6 

    Reports developments related to business enterprises in the U.S. as of December 17, 2001. Acquisition of the WFAS radio station by Cumulus Media; Agreements between International Business Machine Corp. and Dow Chemical; Sales performance of the Lynch Interactive Corp.

  • WEEK IN REVIEW.  // Long Island Business News (7/1993 to 5/2009);8/8/2003, Vol. 50 Issue 33, p10A 

    Reports developments on various businesses as of August 2003. Effects of economic downturn on the earnings of several mortgage firms; Acquisition of Racal Wireless Solutions Group company by Aeroflex Inc.; Terms of the agreement signed between Comverse Technology Inc. and MoBiTai company.

  • Hammonds battle begins. Goswami, Nina // Lawyer;1/14/2008, Vol. 22 Issue 2, p1 

    The article reports on the £3 million profit dispute between British commercial law firm Hammonds and its partners. The dispute started its first case management conference on January 18, 2008. The case erupted after Hammonds issued proceedings against 14 former partners, claiming they owe...

  • Hammonds partner profits suffer an 18% hit as loss of insurance team bites into turnover. Hoare, Steve // Lawyer;5/31/2004, Vol. 18 Issue 21, p3 

    Reports that Hammonds' average profits per equity partner have slumped by 18% in 2004. Key issues of interest; Analysis of pertinent topics and relevant issues; Implications on law firms.

  • BRIEFS.  // Wireless Week;1/14/2002, Vol. 8 Issue 2, p18 

    Presents news briefs on wireless communication companies, as of January 14, 2002. Agreement between Verizon Wireless and Infonxx; Merger between Travlang Inc. and Sec2Wireless; Partnership between iHello Inc. and FrontRange Solutions Inc.

  • Out of Options: Is Outsourcing the Answer? Taillon, Gregory // Accounting Technology;Nov2004 Supplement, Vol. 20, p4 

    Focuses on the benefits and limitations of outsourcing in the U.S. Strategies for business outsourcing; Benefits of outsourcing in allowing American companies to streamline operations and remain profitable; Pros and cons to outsourcing; Business and economic indications.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics