Axiom Ince has acquired Plexus Legal and Plexus North out of administration for an undisclosed sum.
Headquartered in Leeds, Plexus is an insurance-focused defence law firm with a national footprint that specialises in the handling and litigation of insurance claims. Plexus Legal operates via six offices across England and is regulated by the Solicitors Regulation Authority. Plexus North operates from one office in Edinburgh and is regulated by the Law Society of Scotland.
James Clark and Rick Harrison of Interpath Advisory were appointed joint administrators of Plexus Legal and Plexus Law, whilst James Clark and Blair Nimmo of Interpath Advisory were appointed joint administrators of Plexus North.
Commenting on the acquisition, Pragnesh Modhwadia, Axiom Ince 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."
The deal safeguards 540 jobs, with no redundancies, adding to the 359 qualified lawyers and 442 other staff already employed by Axiom Ince.
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