Hammonds Shakes Up Partnership With 20 Set to Go

Hammonds is set to cut about 10 percent of its partnership, making it the latest top 50 U.K. law firm to react to the current economic conditions. The firm is in the process of cutting up to 20 partners from its fixed share and equity ranks. A handful of partners will also be affected by a de-equitization program being rolled out at the same time in an attempt to deal with underperformance, especially at the top of the partnership.