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ILH’s future under a cloud

ILH’s future under a cloud

Listed law firm Integrated Legal Holdings (ILH) has gone into voluntary administration.

The publicly listed ILH Group made the announcement today (18 December) via a release sent through to the Australian Securities Exchange.

KordaMentha executive director Michael Brereton and partner Cliff Rocke are handling the administration process.

ILH has had a horror 12 to 18 months financially, with a net profit loss after tax of 540 per cent between FY13 and FY14.

Managing director Graeme Fowler resigned from the company on 1 December, with the company requesting a trading halt on 10 December.

Today’s ASX announcement said that the subsidiary law firms under the ILH umbrella – Rockwell Olivier, Signet Lawyers, Civic Legal and Law Central – will “continue to operate on a business-as-usual basis”.

Lawyers Weekly contacted ILH chairman Matthew Driscoll prior to publication, but he was unavailable.

Like this story? Read more:

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ILH’s future under a cloud
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