Four star partners resign from KWM, halting strategic capital call KWM partners were due to meet yesterday to discuss the firm’s capital call, which has asked partners to reinject £14m into the firm. However, four high-profile partners tendered their resignations on the eve of the meeting, forcing the firm to place its recapitalisation efforts on hold until it can assess what the financial impact of the exits will be.

Resignations

A spokesperson for the firm has confirmed that UK investment funds head Michael Halford, private equity partner Jonathan Pittal and corporate partner Andrew Wingfield have all resigned from the firm. Former managing partner Rob Day has also flagged his intention to resign. A spokesperson for KWM commented: ‘In light of these resignations, the firm has paused its recapitalisation programme in EUME (having received commitments for the requested amount of capital) whilst it assess the financial impact.’ The firm anticipates that this process will take around four weeks.

Sources: The Lawyer; Legal Week