Linder Myers – A New Option for law firms under stress

28 Mar 2014

The deal which completed this week which involved the solvent restructuring of Linder Myers should form a blueprint for other firms who are under financial stress and who want to avoid insolvency and a pre pack sale.

Jepson Holt were retained by long term client Linder Myers in December 2013 to seek to find a white knight. Over the next few weeks we introduced a number of law firms and investors to Linder Myers but all were going down the same road to insolvency and pre pack until we came across Assure Law.

Assure Law put a radically different proposal which involved restructuring the debt of the firm and installing a specialist management team to effect a turnaround of the business.

The benefit to the Partners of Linder Myers is that they avoided insolvency and retain ownership of the firm.

Over the last 10 weeks Jepson Holt has worked closely with Linder Myers, Assure Law, Ernst & Young and Duff & Phelps to help facilitate the transaction and a new beginning for the firm.

We will be writing and talking more about the situation that Linder Myers found themselves in and the deal which was put together because there are many lessons here from which other firms can benefit. 

For now we are proud and pleased that we were part of the team which brought about the rescue.