Former Cobbetts partner takes legal action against former colleagues

A FORMER partner at collapsed national law firm Cobbetts is stepping-up his plans to take legal action against his former colleagues.

Public markets expert Andrew Wright, who left Cobbetts to join Canadian firm Gowlings’ London operation in February 2012, lost more than £320,000 when the firm went into administration in early 2013.
Newly-filed documents at Companies House reveal he has resigned from the failed firm’s Creditors Committee.

When contacted by TheBusinessDesk.com he said: “I wanted to avoid a conflict of interest in the event that I pursue proceedings against various parties.

“At this stage I’m sorry but I cannot comment further on the matter.”

Only those who were partners at the time of Cobbetts’  administration and joined national firm DWF had their capital contributions protected as part of the £3.8m  pre-pack deal.

In April 2013 Mr Wright and colleague Charles Bond, who also joined Gowlings, sent a letter to their former partners asking them to honour their “moral and legal obligations” by repaying them their equity.

The pair were classed as unsecured creditors by administrators KPMG. They were owed around 75% of the £630,000 due to former partners.

DWF declined to comment.