Hammonds partners to repay £8m: 2004 cash hole revealed

Harris, Joanne
July 2005
Lawyer;7/25/2005, Vol. 19 Issue 29, p1
Trade Publication
The article reports that former partners of law firm Hammonds are preparing to file a lawsuit against the firm as it also emerges that auditors have discovered a revenue shortfall of £8 million for the 2004 financial year in Great Britain. The group has instructed leading counsel with an aim to launch a claim over the distribution of 2005 profits. The firm is asking former and current equity partners for repayment of overdrawings.


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