Law firms Parabis founders take £4m loan to complete Plexus MBO Sarah Downey · 25 November 2015 · 2 min read Law firm management Parabis Group Plexus Law A buyout team comprising the founders of the now-defunct Parabis Group has formally acquired its defendant insurance firm Plexus Law, in a deal that will see the transfer of over 900 staff, supported by a £4.2m loan.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 categoryParabis enters exclusive deal with original founders for Plexus buyoutLaw firmsKathryn McCann11 Nov 2015ABS rising – Slater and Gordon and Plexus announce four law firm acquisitions in a dayLaw firmsLegal Business7 May 2013‘How hard are you prepared to work?’ – partners who’ve made it on how they built a book of businessLaw firmsElisha Juttla9 Dec 2024‘We don’t have a large ship to turn around’ – Eversheds Sutherland co-CEOs to canvas partners on strategy plansLaw firmsAnna Huntley18 Nov 2024NRF to incentivise cross-border work with formalised global management committeeLaw firmsAnna Huntley24 Sep 2024Parabis collapse update: Creditor dividend halved, latest report revealsLaw firmsLegal Business1 Jul 2016Failure to integrate: Administrators blame poor consolidation for Parabis collapse as unsecured creditors to lose almost £50mLaw firmsLegal Business6 Jan 2016Parabis carved up in £50m pre-pack administrationLaw firmsLegal Business4 Dec 2015Revolving doors: Simpson Thacher, Latham, Sidley lead New Year London movesLaw firmsAnna Huntley9 Jan 2025