Manchester market takes another hit as Cobbetts seeks saviours

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With Manchester-based Cobbetts on the verge of administration, signalling increasingly difficult market conditions in the north, local rivals will surely be able to snap up some bargains and save jobs.

The firm, ranked 62nd in the LB100, announced on 30 January that it was seeking to obtain ‘statutory moratorium to enable a sale of the business and assets of the firm to be concluded in a short time’. The news has sent shockwaves across the legal market and puts Manchester at the epicentre of law firm casualties following the demise of Halliwells in 2010.

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