The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Hextalls has been bought out of pre-packed administration with LG partner Steve Cottee acting for Begbies Traynor administrator David Hudson and London firm Judge Sykes Frixou acting for the firm.
It is understood that Hextalls insurance partner Alex Padfield is heading the new outfit, which intends to focus on insurance and litigation.
Hextalls Ltd, which is owned by a small group of partners in the original firm, has bought the business and the partners have been informing clients of how the deal has worked.
Cottee said the administrators and the firm have been working closely with the Law Society, which has approved the new venture.
Cottee added that the firm had opted for pre-pack administration because it allowed it to set up a new business that can collect outstanding payments from clients of the original venture. This money will be used to pay off creditors and, as the firm has the cooperation of creditors, should avoid the risk of legal action.
Hextalls has lost a number of partners to rival firms this year, with former chairman and chief executive Matthew Clarke leaving for Elborne Mitchell. Kennedys took a team of eight from the firm, including personal injury partners Joe McManus and Charles Martin.