Legacy Pannone partners leave Slater & Gordon
Two partners from Manchester-based legacy firm Pannone have departed Australian law firm Slater & Gordon before the end of their three-year lock in, and others are said to be in the process of negotiating their own exits. comments powered by Disqus
Construction partner Sean McCay and travel injury partner Clare Campbell have left the firm just six months after Pannone was acquired by Slater & Gordon. Campbell, who was joint head of Pannone’s travel litigation team, has joined Leigh Day as a partner, while McCay joined Squire Sanders.
It is unclear whether McCay is subject to the same three-year lock-in as his colleagues: it has been suggested that since his practice didn’t fit in either remaining Pannone entity, he was free to leave. But Campbell was certainly subject to the lock-in when she made her departure, which puts her partner capital investments in the firm and her share options at risk.
Sources suggest the legacy Pannone exits follow calls for partners to repay cash to Slater & Gordon as Pannone fell short of its year-end revenue projection at the close of its financial year in March.