Linder Myers seeks to avoid administration with last-minute debt restructure

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Readers' comments (13)

  • Can Mr. Seymour please confirm that the partners' tax has been paid?

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  • I don't think anyone would agree with the managing partner's comment that if the deal goes through, he will have corrected the situation caused by an organisation. Truly breathtaking comment and totally de-moralising for all concerned, in particular the staff.

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  • Maybe the managing partner's attempt to blame others is to try to secure a future for himself?

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  • Does Seymour have any credibility left? The ship seemingly sank on his watch and yet he seems to be claiming credit for 'correcting the situation'. As comment above says "breathtaking".

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  • It all depends whether the "organisation" was a large creditor!

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  • I don't think that it does. It was the fact that the managing partner was seeking to take credit (excuse the pun) for any deal (given the circumstances leading up to it) that caused offence. Time for him to do the honourable thing I and undoubtedly many others think.

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  • Last year Linder Myers announced that they had entered into a sale-and-leaseback deal at £11.6M with a 25 year lease commitment.

    http://www.placenorthwest.co.uk/news/archive/13793-linder-myers-agrees-leaseback-deal-with-cbre.html

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  • My previous post may have been misinterpreted. I was referring to the managing partner's attempt to take the credit (excuse the pun) for any rescue deal, bearing in mind the circumstances leading up to it. Let's hope Assure Law don't perpetuate the status quo otherwise staff morale will go through the floor.

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  • Who are Assure Law? Are they a new ABS entering the market?

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  • Strangely negatively-written article and comments for what seems like a much-needed fillip for the Manchester legal sector and the sector in general. If the firm has found a solution that results in creditors being paid, saves plenty of jobs and avoids yet another pre-pack, this is very good news. Anonymous 2:03pm - why breathtaking or demoralising? I very much doubt the managing partner is blaming the staff in his own organisation.

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  • Anonymous 8:22pm - Who are Assure Law? Are they a new ABS entering the market? - Assure Law are a specialist legal services consultancy run by accountants. We are currently working with them on a couple of projects and I would rate them highly. Looks like they have put together a great deal for Linder Myers and how refreshing to have some good news in the legal sector!

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  • Seymour should resign big drawings increases only last year? You are not telling me he has only just realised the firm is in trouble??. There are a good few (former) partners tax who hasn't been paid including my own under the guise of alleged negligence despite it being retained by LM. I was a "fixed share" partner , really an employee, then left with a huge tax bill. Hopefully the firm and staff will be saved but he should go.

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  • As with any business if it isn't run properly then its going to get into financial difficulty. Look at the management of the business to see why it is in this much trouble - perhaps solicitors everywhere may not be quite as smug and arrogant as usual when they realise that they are not above working for an organisation that can - just like any other business - go into administration

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