Chamber boss and lawyers in £21m legal fight

temporary difficulties in 2009-2010.

“There was no lock-in for the Spinningfields partners. Only a minority of the 32 were still members of the LLP when it went into administration. The others had taken their business and client following elsewhere, without repaying any of the money received by them.”

The letter alleges the former FSMs have suffered losses as a result and are seeking damages.

The FSMs are proposing they join the current mediation process between Halliwells’ liquidators, BDO, and the 32 partners. The High Court claim by BDO, served last July, states the partners breached their fiduciary duties to Halliwells by failing to act in the best interests of the firm, making a secret profit and placing their personal interests above the firm’s.

Keith Oliver, of law firm Peters and Peters, representing most of the 32 Spinningfields members, declined to comment.