Insurance boutique Hextalls is set to relaunch through a pre-pack administration in an unusual legal move, with restructuring specialist Begbies Traynor set to be appointed as the law firm's administrator. Begbies is expected to be named as the limited liability partnership's (LLP) administrator without the next few days, following a court order.Hextalls, which has lost a number of partners in recent months, including a liability team to Kennedys and the separate departure of chairman Matthew Clarke, has been facing cash flow difficulties and problems with historic debt.
April 09, 2009 at 01:53 AM
1 minute read
The original version of this story was published on Legalweek
Insurance boutique Hextalls is set to relaunch through a pre-pack administration in an unusual legal move, with restructuring specialist Begbies Traynor set to be appointed as the law firm’s administrator.
Begbies is expected to be named as the limited liability partnership’s (LLP) administrator within the next few days, following a court order.
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