Ashfords LLP provide regulatory advice to Jeffrey Green Russell Limited and GT Law on administration
Friday, 16th October 2015
Leading law firm Ashfords LLP is providing First Stop Legal Services t/a GT Law Solicitors with regulatory support and advice after filing for administration.
The specialist regulatory team at Ashfords, led by Partner Sam Palmer, has been appointed as Solicitor Manager for GT Law, advising on regulatory responsibilities, and ensuring that clients'' money and interests are protected.
Sam Palmer of Ashfords LLP has also been appointed as Solicitor Manager for London law firm Jeffrey Green Russell Limited on a pre-pack administration. Gordon Dadds, a London law firm, has acquired Jeffrey Green Russell (JGR), becoming a £25 million full-service commercial firm, and taking on a number of senior employees and clients of JGR. The combined firm will be known as "Gordon Dadds incorporating Jeffrey Green Russell."
Sam Palmer commented:
"This has been a very testing time for both Jeffrey Green Russell Limited and First Stop Legal Services Limited t/a GT Law and we were pleased to be able to help both companies find the best possible solution that has protected the interests of clients, employees and other stakeholders. We have been able to provide regulatory support and advice as part of our Financial Assurance offering for law firms facing financial challenges."
Andrew Hosking and Simon Bonney of Quantuma LLP have been appointed as Joint Administrators for JGR and GT Law. Andrew Hosking, who has been appointed on a number of law firm Administrations, commented on the transactions:
"We are very pleased to work with the specialist Regulatory Team at Ashfords LLP, supporting Jeffrey Green Russell Limited and First Stop Legal Services Limited t/a GT Law, their Directors and staff through this difficult and challenging time. With their expert regulatory experience, the Ashfords team has ensured that the protection of clients' interests have been protected throughout and as a result the transactions have run as smoothly as possible."
Mishcon de Reya have provided insolvency advice to GT Law, and Pinsent Masons provided insolvency advice to JGR.