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(From The Lawyer)
Hammonds is to radically reform the way it handles resignations and notice periods of departing partners once the firm's 14-month lock-in ends in June.
The firm is considering a range of measures that will help to cut down on the number of departures in any one year.
Hammonds' options include extending its current six-month notice period to a full year; setting an upper limit on the number of partners who can leave within a year; and even restricting the days on which partners can resign.
Any changes would need the support of the Hammonds ...