UK It Starts: McMillan Williams Solicitors Bought Out Of Administration By Taylor Rose

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.

More at https://www.law.com/international-edition/2020/05/20/uk-outfit-is-first-law-firm-casualty-of-covid-19-pandemic/

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