Law firm assets sold out of administration

The assets of a Northampton law firm which had been trading since 1968 have been sold after it entered administration and ceased trading.

Scott Fowler, which also has an office in London, called in administrators from CVR Global. Its assets has since been sold to fellow Northampton and Kettering law firm Borneo Martell Coulston – with all employees and live work transferred over.

Scott Fowler had specialised in property work, but also had teams in general commercial, litigation and private client work.

In January, Edward Fowler a partner at the firm was fined £17,500 by the Solicitors Disciplinary Tribunal after admitting failing to carry out due diligence into an insurance company, based in the West Indies, which offered buyers a deposit protection guarantee.

After the developers became insolvent, the insurance company went into liquidation.

Fowler agreed also not to act as a sole practitioner or compliance officer for a period of three years.