Real Estate
Quantuma
Full Credential Description
Broomhead Saul LLP, a 124-year-old law firm based in Somerset, faced significant challenges after a series of partner retirements and difficulties with integrating a new operational system. These issues led the firm into financial distress, jeopardizing its operations and the jobs of its 34 employees. In response to this crisis, Quantuma was appointed as joint administrators on July 31, 2019, and swiftly executed a pre-pack sale to Solicitors Title LLP. This strategic move not only preserved the firms legacy but also ensured the continuation of its operations and the retention of all staff. The sale facilitated the seamless transfer of all operations and assets to the new owner, thereby safeguarding the firms client base and , which include Children and Family law, Residential Property, Wills, Powers of Attorneys, and Probate law. The successful transaction highlights the increasing financial difficulties faced by law firms, as noted by Alan Bennett of Ashfords LLP, who provided regulatory guidance throughout the process. The deal exemplifies how targeted intervention can rescue longstanding businesses and protect jobs within the legal sector.