A Liverpool law firm which offered to help other practices escape the personal injury market has itself been placed into administration.
Pilkington Solicitors Limited, trading as Pilkington Shaw Solicitors, was put in the hands of administrators Andrew Poxon and Mike Dillion from financial firm Leonard Curtis at the end of March.
It is understood that a buyer has been found for the firm’s work in progress but there has been no update about what happened to the remaining staff. According to the most recent accounts, for the year ending 31 March 2019, the firm employed 25 people.
Pilkington Shaw was a full-service firm which specialised in personal injury claims. Its website offers fellow PI firms the opportunity to turn ‘personal injury files into cash’ and says it can offer a ‘hassle-free exit strategy’ from the market.
The website also says: ‘We have invested in the latest technology and have the infrastructure to deal with bulk file transfers.’
Pilkington Shaw was one of three firms that acquired client files from the collapsed Liverpool firm First Stop Legal Services (trading as GT Law) in 2016. It is the second of the three to have run into trouble, after Neumans was subject to intervention by the Solicitors Regulation Authority in 2017.
According to the Pilkington Shaw accounts, as of March 2019 the firm owed £2.26m to creditors within one year – up from £1.84m the previous year. Amounts owed had also risen from £1.67m to £2.23m. A statement of the firm’s affairs at administration has yet to be published.