National law firm Ashfords instructed as Solicitor Managers on major law firm administrations
Wednesday, 17th January 2018
Ashfords LLP has been appointed as Solicitor Managers on the administration of Burroughs Day LLP on 16 January 2018. Within the last 5 months alone, Ashfords' leading regulatory practice have been instructed as Solicitor Managers on the administration of Gregsons Solicitors Limited, Sovereign Solicitors Limited, Almonds Limited and LA Law Limited.
The specialist Regulatory Team at Ashfords, led by Partner Sam Palmer, provide regulatory reassurance and business structure planning to professional services firms and their clients. The team are also regularly appointed by Administrators of professional services firms to take the Solicitor Manager appointments to ensure that clients' interests are always protected.
Sam Palmer, Head of Professional & Financial Risks at Ashfords LLP, said: "This is a very challenging time for law firms in particular, and we are pleased to be able to help all parties move forward and find the best possible solutions that protect the interests of clients, employees and other key stakeholders."
Leading legal restructuring experts, Andrew Hosking and Sean Bucknall of Quantuma LLP, have also been appointed as Joint Administrators for a number of law firms recently, including Burroughs Day LLP. Andrew commented: "We are very pleased to work with Ashfords' specialist Regulatory Team supporting law firms, their clients, partners and staff. Ashfords bring their regulatory expertise to the table to ensure that the protection of clients' interests is paramount and this also maximises realisations for creditors".