The founder of law firm Towers Legal has said he is confident the office will resume business early next year.
The Harrogate firm closed last week after Legal Development Partners, a firm with which Towers Legal was associated, was shut down by the Solicitors Regulation Authority following allegations of dishonesty against the directors.
James Martin, founder of Towers Legal, said the firm’s relationship with Legal Development Partners, which traded as Ashworth Law among others, involved it paying a fee to the firm in return for professional indemnity insurance, a Solicitors Regulation Authority number and a small number of administrative resources including office space.
However, he added that Towers Legal was managed and run as a separate entity dealing with commercial law only, and had no involvement with any alleged wrongdoing by the managers of Legal Development Partners.
Mr Martin said: “We first became concerned...when the Solicitors Regulation Authority arrived on November 13 to carry out an investigation. Towers Legal staff were not told what the investigation involved, but we took immediate steps to begin separating Towers Legal from Legal Development Partners.”
He added that Towers Legal’s application for sole accreditation would be “fast-tracked” so it was confident it can resume business in the new year.
Ashworth Law specialised in dispute resolution, family, personal injury, property, and wills and probate. Legal Development Partners was formed in October 2011 to buy the assets of Ashworth Law out of administration in a pre-pack deal.