Lysander Law has been successfully sold out of administration to RHL Solicitors of Bristol, securing the company's future after a challenging period. The law firm encountered difficulties following the 2021 whiplash reforms (Civil Liability Act 2018) that introduced a fixed tariff for injuries and clamped down on legal fees. These challenges were exacerbated by the massive backlog of court proceedings due to the Covid-19 pandemic.
The sale was managed by Robert Insall of BTG Advisory (Exeter office) and Katrina Orum and Huw Powell (as Joint Administrators) of Begbies Traynor (Cardiff office), ensuring the preservation of the business's core operations, protecting client interests and saving tens of jobs.
Throughout this transitional phase, Paul Caldicott and Thomas Jenkins of Blake Morgan LLP provided advisory services to the company, while Tim O'Callaghan of Judge Sykes Frixou offered counsel to the counterparties at RHL.
