Big dream, bigger bank account.
It’s all over at Axiom Ince. ROF was passed the end days email this afternoon:
To: All Staff
Cc: Axiom Ince Directors
Subject: Staff Update
**SENT FOR AND ON BEHALF OF THE DIRECTORS**
We are extremely sorry to have to confirm that our insurance cover ceased at midnight on 30th September and the Solicitors Regulation Authority has now served an intervention notice on us. We have also started the process for appointment of an administrator. These developments mean that, unfortunately, the majority of colleagues will be served with notice of redundancy today. Letters will be issued by email to those staff affected.
We appreciate that many of you will have questions. During the course of today, we will also be circulating FAQs to try and answer as many immediate questions as possible. Please do wait for the FAQs to see if they answer what you need to know as we know that you will have various questions. An alternative source of immediate support would be the Law Society’s pastoral care helpline which you may want to reach out to. It is open from 9am – 5 pm Monday to Friday on 020 7320 5795.
We once again want to thank each of you for your valuable contributions to the firm and your continued support. We wish you the very best going forward.
Here’s more on the implosion.