Cobbetts seeks buyer as administrators are called in

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  • Anyone have the suspicion that this is exactly what DWF want...to get the best bits out of admin from Cobbetts at a snip and leaving all the creditor behind with a haircut. One wonders how many domino's DWF can eat before it falls over and implodes....

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  • So is there any point in my completing my application? What if a buyer is found?

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  • I was very sorry to read this. I'd had a few commercial property transactions on with them over the years, and always found them very good to deal with. It's sad when the solid firms go.

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  • I wonder if HMRC are going to get paid tomorrow? Any partners with a tax reserve (used no doubt by Cobbetts for working capital) can always file their tax return on a net (cash received) basis if not.

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  • Another firm of wideboy Mancs bites the dust.

    Amazing The Lawyer hasnt spotted that the firm has filed today and is supposed to pay the partners' tax bills tomorrow - a connection in there maybe??

    I wonder if Mike Shaw has already been repaid his capital...

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  • Cash crisis - looming tax liability innit. Somebody in charge of finance has prob messed up.

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  • Awful news for all the staff involved. The 50-75 market is so tight at the moment. There's almost no profit and lots of these firms bought fancy offices in the good times.
    Suspect that Bond Dickinson will take the majority of the Cobbetts staff. They seem to be most similar law firm hiring and opening big new offices at the moment.

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  • Ratio of 2.5 support to 1 lawyer seems unreasonably high. Suspect a buyer will make a deal to buy the lawyers and shed the support - something any tupe arrangement might have restricted.

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  • So much for them being 'futureproof'

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  • So, who is going to be next? Roll up for the runners and riders.

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