Linder Myers gets more time to agree sale

TROUBLED North West law firm has won more time to complete a deal with an un-named suitor, widely thought to be Midlands-based HCB Solicitors .

In a statement Bernard Seymour, Linder Myers’ managing partner, said:: “We are currently in advanced negotiations with a potential partner and have applied for an extension while due diligence is completed and the details of the deal are agreed by all parties.

“Linder Myers continues to trade as usual and we have been  encouraged  by the continued support of key clients and business partners throughout.”

The firm which has offices Manchester, Lancashire, Shropshire and Chester and employs 311 staff including 51 partners, filed an intention to go into administration on February 6, blaming tough trading conditions.

TheBusinessDesk.com understands that EY will be formally appointed administrator to the firm, which had a turnover of £18.7m for the year ending November 30 2013, and will then announce a pre-pack sale of the the business and its assets.

Before running into its own financial difficulties Linder Myers had acquired several other prominent firms in the region via pre-pack deals. These include Rowlands Field Cunningham, SNG Commercial Law (formerly known as Shammah Nicholls) and most recently Lancashire firm Dickson Haslam.

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