A firm of solicitors in Kempston has gone into administration, leaving 34 jobs at risk.
FRP Advisory, the restructuring and advisory firm, said that on December 9 its partners Tony Wright and Philip Watkins were appointed joint administrators to Hilliers HRW LLP, who have offices in Kempston and Stevenage, employing 34 staff.
These include eight fee earners and support staff, and seven staff members have been retained during the initial administration process.
Prior to the appointment of administrators, the partners and staff at Hilliers HRW had transferred all existing client work in progress to a range of other local firms of practising solicitors.
Tony Wright, partner at FRP Advisory and joint administrator to Hilliers HRW LLP, said: “We confirm that on December 9 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.
The decision to place the practice into administration was necessary due to the firm’s inability to secure professional indemnity insurance cover.
After an extended indemnity period lasting 30 days, the firm subsequently entered a cessation period of 60 days which is due to expire on December 31.
During this cessation period, the partners and management team of Hilliers HRW have ensured all on-going work has 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.
The administrators added: “Hilliers HRW has supported a long serving client base in Bedfordshire, Hertfordshire and neighbouring regions across the South East of England and we wish the very best for its clients under the care of new sets of solicitors.”