Gregsons Solicitors Limited were placed into Administration on 23 August 2017 following the filing of a Notice of Intention to appoint Administrators on 14 August.
The specialist Regulatory Team at Ashfords, led by Partner Sam Palmer, has been appointed as Joint Solicitor Manager, together with Johanna Creamer, advising on regulatory responsibilities, and ensuring that clients' assets and interests are protected.
Sam Palmer, Head of Professional & Financial Risks at Ashfords said: "This has been a very testing time for the firm and we were pleased to be able to help all parties move forward and 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 Sean Bucknall of Quantuma LLP have been appointed as Joint Administrators for Gregsons.
Andrew Hosking, who has been appointed on a number of law firm Administrations, commented on the transaction: "We are very pleased to work with the specialist Regulatory Team at Ashfords, supporting Gregsons Solicitors, their Partners and colleagues team has ensured that clients' interests have been protected throughout and as a result the transactions have run as smoothly as possible."