20 May 2020 | 07:48 pm | 1 min. read
Multinational law firm Pinsent Masons was appointed Solicitor Manager and advised the Joint Administrators on the deal, providing restructuring and regulatory advice to Joint Administrators Andrew Hosking, Sean Bucknall and Andrew Poxon.
McMillan Williams has been acquired by law firm Taylor Rose, with all 450 McMillan Williams staff being transferred as part of the acquisition. Combined, Taylor Rose will be the UK’s fifth largest residential conveyancer.
The Pinsent Masons team working on the transaction included Partner and Professional Practices Head Samantha Palmer, who provided regulatory advice and Restructuring Partner Steven Cottee who advised the Joint Administrators. The team also included Wesley Thompson, Baljeet Matharu, James Hillman and James Lemkes.
Samantha Palmer has now been appointed as the Solicitor Manager and is overseeing all regulatory aspects of the acquisition.
Commenting on the transaction, Samantha Palmer said:
"We are pleased to be able to ensure that all clients' interests continue to be protected as part of this transaction with full regulatory support. We have been working closely with the McMillan Williams Board and were able to provide regulatory guidance to the parties as part of our Financial Assurance offering for law firms facing financial challenges during these Covid19 extraordinary times."
Steven Cottee, added:
"We are delighted to help all parties move forward and find the best possible solution that has protected the interests of clients, employees and their stakeholders."
Andrew Hosking and Sean Bucknall of Quantuma LLP were appointed Joint Administrators for McMillan Williams together with Andrew Poxon from Leonard Curtis.
Commenting on the transaction Andrew Hosking said:
"Pinsent Masons boasts the most comprehensive legal sector advisory knowledge in the marketplace and we were pleased to utilise their Professional Practices team in getting this transaction over the line which has successfully saved over 450 jobs and provided continuity of service for all McMillan Williams clients."
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