Law firms Failure to integrate: Administrators blame poor consolidation for Parabis collapse as unsecured creditors to lose almost £50m Legal Business · 6 January 2016 · 2 min read ABS Parabis Group More than 2,500 unsecured creditors of the now defunct Parabis Group will lose almost £50m, a report from the company’s administrators reveals.Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Corporate users - click here for simple access (no password needed). For more information, please contact [email protected] Related ContentMore in this categoryDespite the doubts listed law pioneers continue to report robust growthLaw firmsHamish McNicol12 Jun 2019Ince Gordon Dadds sees share price fall following critical administrator reportLaw firmsTom Baker8 Apr 2019Legal 500 Data: The data behind the storyLaw firmsLegal Business29 Oct 2018Parabis collapse update: Creditor dividend halved, latest report revealsLaw firmsLegal Business1 Jul 2016Parabis carved up in £50m pre-pack administrationLaw firmsLegal Business4 Dec 2015Parabis founders take £4m loan to complete Plexus MBOLaw firmsSarah Downey25 Nov 2015Revolving doors: Simpson Thacher, Latham, Sidley lead New Year London movesLaw firmsAnna Huntley9 Jan 2025Five partners vie to succeed Hoyland as Simmons managing partnerLaw firmsTom Cox7 Jan 2025‘Seize every opportunity’ – Paul Hastings partner Reena Gogna on City law, Suits and poetryLaw firmsAnna Huntley7 Jan 2025