Global law firm, King Wood & Mallesons LLP, have entered into Administration earlier today. Leading legal sector insolvency specialists, Andrew Hosking and Sean Bucknall from Quantuma LLP, have been appointed as Joint Administrators.
Crispin Jones, Partner and Head of Professional & Financial Risks at Ashfords LLP, have been appointed as Joint Solicitor Managers advising on all regulatory responsibilities including ensuring that clients' money and interests are protected.
Andrew Hosking, experienced Insolvency Practitioner for the legal sector, commented: "We are very pleased to work with the specialist Regulatory Team at Ashfords LLP, supporting King & Wood Mallesons LLP, their colleagues and stakeholders through this difficult and challenging time. With their expert regulatory experience, the Ashfords team has ensured that clients' interests have been protected throughout and as a result the transactions have run as smoothly as possible."
Ashfords' commented: "We are pleased to be able to help all parties move forward and find the best available solution to protect the stakeholders' interests. Our role is to ensure that clients' interests are protected whilst we provide maximum support to facilitate the administration and the safe transfer of assets to acquiring firms."