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National law firm Ashfords LLP is providing Isaac Abraham Solicitors, a Manchester-based personal injury firm, with regulatory support and insolvency advice after the company filed for Administration on 14 September 2016.
The specialist Regulatory Team at Ashfords, led by Partner Sam Palmer, has been appointed Solicitor Manager by the Joint Administrators, Andrew Hosking and Sean Bucknall of Quantuma LLP, so as to ensure that clients' interests and monies are fully protected.
Sam Palmer commented: "We are delighted to provide the regulatory support and guidance for the firm for the protection of its clients and to work with law firm restructuring experts Quantuma LLP. We are pleased to be able to help find the best possible solution that has protected the interests of clients, employees, creditors and other stakeholders. We have been able to provide insolvency and regulatory support as part of our Financial Assurance offering for law firms facing financial challenges."
Andrew Hosking and Sean Bucknall have built a specialist practice providing restructuring and insolvency advice to the legal sector, working with a wide range of law firms and taking a significant number of appointments in recent months.
Andrew Hosking, who has been appointed on a significant number of law firm Administrations, commented on the transaction: "We are very pleased to work with the specialist Regulatory Team at Ashfords LLP, supporting Isaac Abraham Solicitors, 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 transaction has run as smoothly as possible."