Joint King & Wood Mallesons (KWM) EUME administrators Andrew Hosking and Sean Bucknall of Quantuma have said partner exits accelerated the demise of the practice in their first interim report to creditors.
Quantuma said in a statement: ‘Administration was the only resort left to the firm, which saw an accelerating rate of partner and staff departures during 2016 as the extent of the firm’s financial difficulties became apparent.’ The report also reveals KWM sold its Spain business to the partners.
