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McDermott Smith Law - Administration
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McDermott Smith Law, a Liverpool-based law firm specialising in volume consumer claims, entered administration on 1 July, reportedly following an application by litigation funder Fenchurch Legal.
The firm’s most recent accounts show remarkable growth over the past year, not only in WIP and number of employees (from 24 to 69), but also in the amount owed by the company (a chunk of which is understood to be owed to litigation funders).
Andrew Hosking and Sean Bucknall of Quantuma and Damian Webb of RSM were appointed joint administrators.
Katch Fund Solutions and Fenchurch Legal have registered charges against the firm.