Midlands firm Challinors has confirmed it has filed a notice of intention to appoint an administrator.
The multi-service firm, with offices across the west and east Midlands, said in a statement today the move will protect its position pending a sale of the business.
‘This will allow an orderly transfer of the business in the near future,’ said the statement.
‘In the interim, the business continues to trade normally and we give an assurance that the interests of our clients and staff have been safeguarded.’
The statement has echoes of the announcement made by national firm Cobbetts earlier this year, which entered into what it called an 'interim statutory moratorium to enable a sale of the business’. The firm was sold to national firm DWF a week later under a pre-pack administration arrangement.
According to Companies House records, a new company under the name of Challinors Legal Limited was incorporated on Tuesday. Company directors include business consultant Dr Kersten Puck.
The Solicitors Regulation Authority confirmed that it has no concerns at this stage over clients' interests so there is no need for regulatory action.