HCB out of the running for Linder Myers rescue

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Readers' comments (12)

  • How long can this extended period of limbo last? There must be some sort of time limit to being in "intended" administration.

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  • Surely there comes a time when the SRA must intervene and say it is in the public interest, the client interest, to secure the future of the firm one way or another.

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  • I think the SRA can only intervene on specified grounds, and as an intervention means closing the firm down, it can hardly be said to be securing it's future. The general uncertainty in the present situation must be very unsettling for all concerned. Obviously debts are unpaid, and it's going to be impossible to get credit. How long a firm can limp on in this fashion is a matter for conjecture.

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  • The discussion with HCB ended 2 weeks ago. Linder Myers are working on a deal which is better for them and for the market. This deal is almost in place.

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  • Does this mean a magic circle firm is about to buy them?????????????????

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  • Irwin Mitchell: come on down?

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  • The news about HCB dropping out is a red herring. They dropped out weeks ago and never really had the calibre to pull this off.

    There is a bigger player behind the scenes who are new to the sector.

    They are obviously serious as their name hasn't been leaked yet.

    The SRA are happy with progression hence no intervention.

    I suggest everyone stop putting negative posts forward as when the news breaks you are all going to look very silly.

    No news is good news........chillax.

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  • That could get Irwin Mitchell back into the Google rankings. Judging by recent acquisitions of people and other businesses it is entirely possible that Irwin Mitchell's bizarre strategy will lead to it acquiring some or all of Linder Myers.

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  • According to a staff email today Linder Myers are completely refinancing the business through turn around experts Assure Law.

    The deal will protect clients and staff and enable Linder Myers to continue.

    Sounds like a good deal.

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  • I've heard departments are closing and staff are resigning on a daily basis. What will be left!

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