PwC Legal is to integrate into the wider accountancy firm PwC UK from tomorrow (1 October), enabling the outfit to operate as a multi-disciplinary practice instead of a standalone LLP.
AIM listed law firm Gateley has bought tax adviser Capitus in a deal worth £2.72m, the firm’s first acquisition since its listing in June 2015.
The Bar Standards Board (BSB) has gained approval from the Legal Services Board (LSB) to become a licensing authority for alternative business structures (ABS) almost two years after it announced its intention to obtain a licence.
Australian-listed Slater and Gordon is facing further inquiry as the company’s lenders have appointed their own investigative accountants to look at the firm’s books.
Failure to integrate: Administrators blame poor consolidation for Parabis collapse as unsecured creditors to lose almost £50m
More than 2,500 unsecured creditors of the now defunct Parabis Group will lose almost £50m, a report from the company’s administrators reveals.
One of the first firms to benefit from sweeping liberalisation of the legal services market in 2012, Parabis Group has been placed into a pre-pack administration in a move expected to save ‘all but a handful’ of the 2,000 jobs at the company.
Peter Saville, Ben Browne and Anne O’Keefe of AlixPartners were appointed joint administrators over a number of entities within Parabis Group. Immediately following the appointment, a series of sales of the group’s legal services, rehabilitation and field services divisions took place.
Having just recently confirmed the sale of its defendant personal injury arm Plexus Law, legal and professional services provider Parabis Group is to be broken up and sold in a seven-part pre-pack administration process.
Big Four accountancy firm EY will recruit eight trainee solicitors in the UK over the next two years, launching its first-ever lawyer training scheme in the UK.
Legal Business 100 firm Osborne Clarke (OC) has become one of the last firms in the UK top 50 to convert to a limited liability partnership (LLP).
Following a number of restructurings and a Christmas-time capital injection from its private equity owner, insurance-focused law firm Parabis Group is in talks to sell off parts of its business.