After an extended indemnity period of 30 days, law firm Hilliers HRW LLP has entered administration following an “inability to secure professional indemnity insurance cover.”
The firm had offices in Kempston, Bedfordshire and Stevenage, Hertfordshire, employing 34 staff including eight fee earners and support staff. During the initial administration process, seven staff members have been retained.
Hilliers HRW follows other law firms such as EOS Law, Hacking Ashton, Harris Cartier, Manches, Affinity Solicitors, Lumsdons Solicitors, and Northern Briefs into administration since the start of October.
Tony Wright and Philip Watkins of FRP Advisory were appointed joint administrators to the firm on 9 December 2013.
All existing client work in progress had been transferred to a range of other local firms of practising solicitors prior to the appointment of administrators.
Wright, partner at FRP Advisory, said: “We confirm that on 9 December Hilliers HRW LLP, the law firm, appointed administrators to manage its on-going business and affairs in the interest of creditors and in compliance with requirements as set out by the Solicitors Regulation Authority (SRA).
“After an extended indemnity period lasting 30 days, the firm subsequently entered a cessation period of 60 days which is due to expire on 31 December 2013. During this cessation period, the partners and management team of Hilliers HRW have ensured all on-going work have been passed over to other firms of solicitors, always with the clients’ best interests in mind.
“FRP Advisory has retained a small team from Hilliers HRW during the administration process to assist in dealing with file closures, general administrative matters, client queries, debt collection and the transmission of client funds to ensure the orderly wind down is fully compliant with all necessary requirements stipulated by the SRA.”