City law firm FieldFisher has set up a separate practice with lower overheads to attract hedge fund clients who could not afford its fees. Cummings Fisher is a standalone law firm and a subsidiary of FieldFisher that is the latest “alternative solution” created by the firm. Field Fisher bought Cummings Law – set up in 2003 by Claire Cummings – last year, and has now relaunched it with two additional partners, Ron Feldman (formerly a partner at MJ Hudson) leading the derivatives practice and James Tinworth, who was previously head of hedge funds at Stephenson Harwood, heading the funds practice.