FRP ADVISORY administrators have been called to international business and property law firm Hilliers HRW.
Tony Wright and Philip Watkins, both from FRP Advisory, were appointed joint administrators.
Wright said that the administration was “necessary due to the firm’s inability to secure professional indemnity insurance cover”.
After an indemnity period of 30 days, Hilliers entered a 60 day cessation period which is due to expire on 31 December.
A small team was retained from Hillers HRW to aid file closures, general administrative matters, client queries, debt collection and the transmission of client funds.
The administrators are also working closely with the Solicitors Regulation Authority which will ensure the continuity of ongoing cases.
Professional indemnity insurance for law firms ended in October, with institutes warning of a possible onslaught of administrations for those that failed to obtain it.
In November KPMG administrators were appointed to law firm Follett Stock after a winding-up order was petitioned by the taxman.
Law firms are expected to have a tough time in the coming year due to changes in employment tax and a crack-down on “no win no fee” cases.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children