Parabis collapse update: Creditor dividend halved, latest report reveals
An administrators’ progress report for the now-defunct Parabis Group, published this week on Companies House, showed that unsecured creditors will…
Parabis Group
Failure to integrate: Administrators blame poor consolidation for Parabis collapse as unsecured creditors to lose almost £50m
More than 2,500 unsecured creditors of the now defunct Parabis Group will lose almost £50m, a report from the company’s…
Parabis carved up in £50m pre-pack administration
One of the first firms to benefit from sweeping liberalisation of the legal services market in 2012, Parabis Group has…
Parabis founders take £4m loan to complete Plexus MBO
A buyout team comprising the founders of the now-defunct Parabis Group has formally acquired its defendant insurance firm Plexus Law,…
Manchester insurance firm takes on 43-strong team from Parabis as group unravels in administration
Manchester firm Horwich Farrelly has today (24 November) announced it has taken a 43-strong personal injury team from the Parabis…
Update: Parabis Group enters £50m pre-pack administration
Having just recently confirmed the sale of its defendant personal injury arm Plexus Law, legal and professional services provider Parabis…
Parabis enters exclusive deal with original founders for Plexus buyout
The Parabis Group has confirmed the sale of its defendant personal injury firm Plexus Law to a consortium of private individuals,…
Parabis’ private equity owner in ‘discreet discussions’ to sell off legal businesses
Following a number of restructurings and a Christmas-time capital injection from its private equity owner, insurance-focused law firm Parabis Group…
Breaking into law: RSA latest to gain ABS licence as it teams up with Parabis
UK insurer RSA is the latest business to be awarded an alternative business structure (ABS) licence by the Solicitors Regulation…
Investing in law: Parabis secures £13m from Duke Street to fund upgrades
Parabis Group has secured a further £13m investment from private equity company Duke Street Capital with the aim to improve…
Redundancy watch: Parabis closes entire claimant offering in Croydon
Parabis Law’s claimant arm Cogent Law is making 24 redundancies in its Croydon base affecting Cogent Law office’s entire headcount,…
Redundancy watch: Parabis Law consolidates after mergers and closes Bristol and Colchester outposts
After two months of placing its regional offices under consultation, Parabis Law has decided to close its Bristol and Colchester…
Redundancy watch: Parabis Law reviews 41 roles across two regional offices
Parabis Law has placed two of its regional offices under review as of today (4 August) affecting 41 employees.
Legal innovation – Connect2Law’s Jabbari to join Parabis to extend ABS portfolio and set up regional network
Just weeks after resigning from Manchester-based consumer services and personal injury (PI) firm Pannone following its £33m acquisition by ASX-listed Slater…
Parabis Group storms into Scottish insurance market
Private equity backed Parabis Group recently entered the Scottish legal insurance market with a bold statement of intent, hiring local…