Axiom Ince acquires Plexus out of administration
Axiom Ince Limited has acquired Plexus Legal LLP and Plexus North LLP (Plexus) out of administration for an undisclosed sum.
Plexus North operates from one office in Edinburgh and is regulated by the Law Society of Scotland.
The deal, which safeguards 540 jobs without the need for any redundancies, adds to the 359 qualified lawyers and 442 other staff already under the Axiom Ince Ltd umbrella.
Headquartered in Leeds, Plexus is an insurance focused defence law firm with a national footprint which specialises in the handling and litigation of insurance claims. Plexus Legal LLP operates via six offices across England and is regulated by the Solicitors Regulation Authority (SRA).
Axiom Ince Limited, is the combined legal entity of Axiom DWFM (Axiom) and Ince & Co after the former acquired the latter out of administration in May.
James Clark and Rick Harrison of Interpath Advisory were appointed joint administrators of Plexus Legal LLP and Plexus Law Limited, whilst Mr Clark and Blair Nimmo, also of Interpath Advisory, were appointed joint administrators of Plexus North LLP.
Pragnesh Modhwadia, Axiom Ince Limited’s Global CEO, said: “We are excited to have the Plexus family join our fast-growing legal services business. This acquisition cements our commitment to further growth whilst safeguarding jobs and looking after client interests in increasingly turbulent financial and legal markets.
“We look forward to welcoming our new Plexus colleagues and working closely with them. We would also like to thank the team at Interpath Advisory for their stellar work in delivering this complex transaction as quickly as they have.”