Not so many will have the opportunity to be picked up by larger sharks………The American Lawyer reports…McMillan Williams Solicitors has been bought out of administration in a deal that will create a top 75 U.K. law firm and marks the first of what is expected to be many coronavirus-related collapses.
The Croydon-headquartered firm, which has 32 offices nationwide, entered administration last month, citing pressures of historic debt “exasperated as a direct result of COVID-19”. It has been acquired by Taylor Rose TTKW as part of a pre-pack administration deal, it was announced on Wednesday.
All 420 members of staff will be taken on as part of the acquisition, according to a statement by administrators Quantuma.
Pinsent Masons’ Steven Cottee advised the administrators, while Samantha Palmer provided regulatory advice.
