A Shropshire law firm has launched a new legal team to help steer business leaders through the current economic crisis.
mfg Solicitors, which has offices in Telford and Ludlow, has unveiled its Restructuring and Insolvency team which is led by head of commercial property Clare Regan, the firm’s corporate head Clare Lang, and insolvency partner, Sam Pedley.
The partner-led team, which is supported by other specialists from around the firm, will advise on a range of issues including business survival strategy, safe-guarding jobs, business sales, restructuring, and a variety of commercial property related matters on behalf of landlords and tenants.
Clare Regan said: “As we are now in the second national lockdown and about to head into winter, I am in no doubt we will see some of the toughest trading conditions ever experienced by many businesses.
“This is a period of great uncertainty and the ability to predict how a business’ finances will look, even a few months ahead, will be severely hampered.
“Added to this, businesses will be affected by what happens to their suppliers and their customers. The ability to react quickly, to restructure and ensure creditors do not feel the need to seek winding up, will be essential. That all requires the right advice at the right time.
“We’ve always worked closely across our various disciplines and expertise, but the new Restructuring and Insolvency team will allow us to do this seamlessly as our clients react, adapt and navigate their way through these difficult times.”
Ms Regan added that the team is already noticing an increase in enquiries and instructions for their expertise.