UK firm Ashton Fox bought by rival

April 9, 2013 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.

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.

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