Pre-pack deal saves 540 jobs at law firm
Law firm Plexus has been bought by Axiom in a pre-pack deal which secures 540 jobs.
The deal comes exactly one month after TheBusinessDesk.com revealed the law firm had filed a notice of intention to appoint administrators following a u-turn by its investors who had previously agreed to inject £5m emergency funding.
As part of the transaction, 520 employees and 20 fixed share partners have transferred to Axiom. No redundancies have been made, although some Plexus employees have chosen not to move over.
Plexus was backed by p... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
