Leonard Curtis Recovery (LCR) has just completed the successful sale of Oldham-based personal injury solicitors Mellor Hargreaves, which entered Administration on 7th July 2017.
LCR – together with Greystone Transformation Services – circulated sale details to over 1500 interested parties.
Sales were made prior to and upon Administration to four regional law firms – Michael W Halsalls Solicitors, Clear Law and Simpson Sisson & Brooke and Mellor Hargreaves Limited. Each purchasing certain assigned cases without risk of any subsequent Solicitors Regulation Authority (SRA) intervention.
However, unfortunately, on the same day as the cases were transferred, Mellor Hargreaves’ 15 employees were made redundant.
Julien Irving, Joint Administrator, said: “To avoid any SRA intervention, it was necessary to undertake a sale of the business prior to and upon our appointment – enabling client files to be transferred to other regulated firms that are able to progress the cases.
“We believe the sale of the business has best facilitated the recovery of work in progress and disbursements for the benefit of creditors.
“Unfortunately the firm has been another casualty of the prevalent and increasing pressure in the personal injury sector. Key to avoiding intervention was the early advice taken by the Partners to ensure continuity of client matters to the SRA’s satisfaction.”
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