Quantuma partners Sean Bucknall and Andrew Hosking have completed a sale of Roberts Jackson Limited to AWH Legal Limited
Quantuma partners Sean Bucknall and Andrew Hosking have completed a sale of Roberts Jackson Limited to AWH Legal Limited, immediately following their appointment as joint administrators at the Wilmslow-based law firm.
Founded in 2009, Roberts Jackson is an industrial disease legal specialist. The business, which recorded a turnover of £10m in the year to 2016, works across all occupational diseases and personal injury issues that have been caused or exacerbated by employment.
The company entered administration as a result of the sector facing substantial competitive and regulatory challenges. The immediate sale of the business will see all Roberts Jackson staff transfer across to AWH Legal.
Andrew Hosking, partner at Quantuma, said: “We have worked very closely with management, its advisors and creditors in recent weeks and are pleased that we have been able to successfully conclude a sale of the business in short timescales which preserves as many of the jobs of Roberts Jackson employees as possible.
“Protecting clients’ interests remains the priority and we have appointed Samantha Palmer and Johanna Creamer of Pinsent Masons as Joint Solicitor Managers so as to oversee the safe transfer of client monies and client files in accordance with clients’ instructions.
“The financial difficulties experienced by Roberts Jackson are endemic in the legal sector at present, with the high cost of funding case files having a severe detrimental effect on firms.
“The immediate sale that we’ve been able to secure with AWH Legal ensures the continued protection of clients’ interests and provides the best opportunity to preserve and realise the maximum value for creditors.”
Dawn Allen of Pinsent Masons advised the Joint Administrators in respect of the transaction.
Dawn said: “We are pleased to have advised on this transaction which has resulted in the preservation of a number of jobs and the transfer of the business. It illustrates the financial difficulties many law firms are facing in this sector.”
Andy Haywood, MC2
0161 236 1352
Notes to Editors
Quantuma is a leading business advisory firm which works with businesses at the key milestones, delivering partner led solutions to help clients take advantage of opportunities and overcome a range of operational and financial challenges, enabling them to achieve their business objectives and ambitions. Offices in London, Southampton, Marlow, Watford, Brighton, Birmingham, Bristol, Manchester, Ringwood and Weymouth. In July 2018, the firm opened two international offices in Cyprus (Nicosia and Paphos).