Linder Myers HCB out of the running for Linder Myers rescue By Hannah Gannage-Stewart 11 March 2014 00:02 17 December 2015 11:22 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 11 March 2014 at 10:04 How long can this extended period of limbo last? There must be some sort of time limit to being in “intended” administration. Reply Link Anonymous 11 March 2014 at 10:54 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. Reply Link Anonymous 11 March 2014 at 11:38 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. Reply Link Anonymous 11 March 2014 at 13:17 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. Reply Link Anonymous 11 March 2014 at 13:51 Does this mean a magic circle firm is about to buy them????????????????? Reply Link Anonymous 11 March 2014 at 14:27 Irwin Mitchell: come on down? Reply Link Mark Hollywood 11 March 2014 at 16:26 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. Reply Link Billy 11 March 2014 at 19:37 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. Reply Link Mark Hollywood 11 March 2014 at 21:58 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. Reply Link Anonymous 11 March 2014 at 22:42 I’ve heard departments are closing and staff are resigning on a daily basis. What will be left! Reply Link Patrick Stevens 12 March 2014 at 09:59 Anon 1:17 “better for the market.” Surely this is a typo for “better for the creditors?” Reply Link Anonymous 13 March 2014 at 08:19 Departments aren’t closing, don’t know where that’s coming from. Some staff have resigned and the senior partner has arranged for exit interviews to be conducted by a friendly but costly recruitment consultant. Yet more money down the drain (bearing in mind Linder Myers has an HR manager who should be performing this task) with absolutely no accountability as usual. When is this going to stop. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.