On 13 December the Gazette published an article headed ‘Collapsed Manches failed to account for £165,000’. The article reported the Statement of Administrators Proposals in relation to the administration of Manches LLP. Following publication a number of matters have been brought to our attention. We accept that the reported allegation that there was a failure to properly account was false, that there was no breach of the firm’s professional obligations under the SRA Accounts Rules in relation to interest on clients’ money and that the firm has fully complied with the requirements of the SRA Accounts Rules.
We are happy to make this clear, regret if any contrary impression was given and are pleased to take this opportunity to set the record straight.