‘We are not trying to be a standalone law firm’ – PwC Legal to integrate into wider accountancy practice through MDP

‘We are not trying to be a standalone law firm’ – PwC Legal to integrate into wider accountancy practice through MDP

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.

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Failure to integrate: Administrators blame poor consolidation for Parabis collapse as unsecured creditors to lose almost £50m

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.

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Parabis carved up in £50m pre-pack administration

Parabis carved up in £50m pre-pack administration

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.

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