UK firm Ashton Fox bought by rival
UK firm Ashton Fox has been bought by a rival after entering administration. The firm’s demise followed closely the failure of Caymans-based Axiom Legal Financing Fund, which invested cash in Ashton Fox and a number of other UK firms specializing in group litigation orders. comments powered by Disqus
The fund went into receivership in February, and the firms it was funding have floundered: Tandem Law recently placed its entire workforce on notice and now, just a few weeks later, Ashton Fox entered administration. The good news is that the firm’s new owner, Antony Hodari & Co, has taken on all 24 staff.