Today’s news in brief – 9/7/2024
Menzies has merged with London-based firm Rollings Butt, enhancing its business restructuring and insolvency services. The 10-member team, including partners Steve Butt and James Money, will join Menzies in their City-based office. This merger aligns with Menzies’ strategy to exceed £75m in turnover by June 2025. Rollings Butt clients will benefit from Menzies’ global HLB network, providing turnkey services in 150 countries. Laurence Pagden, head of Business Recovery at Menzies, emphasised the shared synergies and the merger’s role in strengthening their presence in London. Steve Butt highlighted the natural fit and enhanced expertise from the merger.
Johnston Carmichael has appointed Lynne Walker as CEO and Mark Houston as senior partner. Walker, who joined the firm 19 years ago, succeeds Andrew Walker and aims to build on his legacy, which includes expanding the firm’s headcount to over 900. Walker emphasises the firm’s commitment to adapting to societal changes and enhancing its service offerings. Houston, with the firm since 2006, highlights the importance of collaborative leadership to drive growth across the UK. The new leadership team aims to continue the firm’s success and deliver on their refreshed strategy despite economic challenges.
Old Mill has revamped its board of directors, appointing Mark Neath as CEO and Jolyon Stonehouse as managing director. Neath, with 18 years at Old Mill, will focus on the firm’s long-term culture and growth plans. Stonehouse, a co-founder of Old Mill, will oversee strategic execution. The board also includes Simon Cole, Paula Hodge, Andrew Vickery, and Jonathan Fox. Neath aims to drive innovation and growth, while Stonehouse emphasises robust governance and client-centric services. The new structure is designed to position Old Mill for future challenges and opportunities, ensuring continued success and client satisfaction.
UHY Hacker Young has partnered with law firm Humphries Kerstetter LLP to address potential overcharges on tyre supplies. The legal action targets specific tyre distributors, including Pirelli, Continental, Michelin, Nokian Renkaat, Bridgestone, and Goodyear. The partnership aims to help affected businesses reclaim overcharges, with eligibility based on annual tyre purchases of at least £500k. Humphries Kerstetter previously succeeded in similar claims against Visa and Mastercard for excessive fees. This new action follows a no upfront cost model for clients, with litigation costs covered and payments made from recovered damages.
