Wirral firm broken up after entering administration

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Readers' comments (14)

  • We work with solicitors across England and Wales and only a few have understood the necessity to become a limited company NOW. The legal Services Board have made the future very clear sadly only a very limited number of my peers have seen the opportunity. I am personally saddened to hear that 500 firms cannot get PI cover but not surprised.We can help with your future and your Strategy but you must want to change.

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  • It is a shame that some legal firms are using this opportunity to place comments as an opportinity to promote themselves and have no real sympathy for the staff that are at this time unemployed. I do hope they can sleep at nights.-

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  • Allen
    Never be surprised at the attitude of lawyers to others who are in difficulties.
    Many, many firms will go in the next 12 months, most without any noticeable publicity. Variety of reasons, but essentially there are just too many of us at every level, chasing too little work.

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  • As a matter of interest do the partners in an insolvent LLP just walk away from the debts, as with directors of a limited company?

    My understanding is that volume conveyancers, such as LLW, were making little or no profit on the actual conveyancing. The real profit came from client account interest, and when this disappeared with the plunging interest rates so did the profiit.

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