Latest firm to go under after failing to find insurance costs 34 jobs

Print This Post

19 December 2013


Hilliers HRW: all ongoing work transferred

The toll of firms failing to renew professional indemnity insurance continues to rise, with another 34 people losing their jobs after home counties firm Hilliers HRW LLP called in administrators.

Hilliers HRW had offices in Kempston, Bedfordshire and Stevenage, Hertfordshire. Prior to the appointment of administrators, all existing client work in progress was transferred to several other local firms: Kimbells Freeth, Gisby Harrison, Davidson Smith, Friss & Radstone, JMP Solicitors and Tollers.

Tony Wright, partner at FRP Advisory and one of the joint administrators, confirmed that the decision to place the practice into administration was necessary due to its inability to secure professional indemnity insurance cover.

After the extended indemnity period of 30 days, the firm entered the cessation period of 60 days, which is due to expire on 29 December. “During this cessation period, the partners and management team of Hilliers HRW have ensured all ongoing work has been passed over to other firms of solicitors, always with the clients’ best interests in mind,” he said.

FRP Advisory has retained seven staff from Hilliers HRW during the administration process to assist in dealing with file closures, general administrative matters, client queries, debt collection and the transmission of client funds to ensure the orderly wind down is fully compliant with the requirements of the Solicitors Regulation Authority (SRA).

He added: “Hilliers HRW has supported a long serving client base in Hertfordshire, Bedfordshire and neighbouring regions across the south east of England and we wish the very best for its clients under the care of new sets of solicitors.”

The SRA confirmed yesterday that there were still 117 practices operating in the extended policy period, and they now have just 10 days either to secure insurance or close down.

Tags: ,



Leave a comment

* Denotes required field

All comments will be moderated before posting. Please see our Terms and Conditions

Legal Futures Blog

How best to achieve independent regulation under the Legal Services Act?

Craig Wakeford LSB

Independent regulation gives confidence to consumers, providers, investors and society as a whole that legal services work in the public interest and support the rule of law. The Legal Services Act 2007 does not require all approved regulators to be structurally separate from representative bodies. Instead, the Legal Services Board is required by the Act to produce internal governance rules (IGR) which apply the principle of regulatory independence in legal service regulation. We are currently running a consultation on the IGR which continues until 9 February.

January 19th, 2018