Podcast

The Boutique Lawyer Show: Navigating the clawback of fees by liquidators

In the wake of increased insolvencies across the market, particularly in sectors like construction, preferred creditors like legal service providers may see fees paid to them clawed back by liquidators. Here, we discuss the potential impacts on legal businesses and how best to safeguard your firm moving forward.

August 07, 2024 • By Robyn Tongol

In this episode of The Boutique Lawyer Show, host Jerome Doraisamy is joined by MA Legal senior associate Cristian Urdea to discuss the increased volume of insolvencies in the market, the flow-on effect of clawing back fees, why lawyers are preferred creditors, and the inherent risks with providing legal services to companies that may be at risk of insolvency.

This content is available exclusively to Lawyers Weekly premium members.

INDIVIDUAL

Yearly

$ 49.00

per year

SUBSCRIBE NOW

INDIVIDUAL

Monthly

$ 5.00

per month

SUBSCRIBE NOW

Learn more about Premium Benefits and other offers

Username or Email

Password Forgot password?

Keep me signed in on this device.

Urdea also delves into the potential consequences for firms that may be worried about their bottom line, the “growing general understanding” of the impact of liquidators looking to claw back fees, out-of-pocket disbursements to barristers, putting in place practical steps to safeguard one’s firm, ensuring debts are secured, and why firm owners need to better concern themselves with such financial security questions.

If you like this episode, show your support by rating us or leaving a review on Apple Podcasts (The Lawyers Weekly Show) and by following Lawyers Weekly on social media: Facebook, Twitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email This email address is being protected from spambots. You need JavaScript enabled to view it. for more insights!