'New Law' Firm Cubism Collapses
The closure follows mass departures from the firm last month to rivals Gunnercooke and Keystone, among others.
July 24, 2019 at 10:15 AM
2 minute read
'New Law' outfit Cubism Law has collapsed into administration following a significant number of lawyer departures.
A spokesperson for the U.K.based firm confirmed the business shut on Wednesday, and will no longer provide legal services to clients.
Last week the firm started talks with lawyers at Pinsent Masons and auditing firm Quantuma to initiate the winding up process.
The news follows Legal Week's story last month that the firm had lost dozens of its lawyers to rival firms Keystone Law and Gunnercooke. Other Cubism lawyers have since departed to boutiques around London, including charity specialist Bates Wells Braithwaite, commerical outfit Laytons, white-collar boutique Eldwick Law in Mayfair and Marylebone-based Kyriakides & Braier.
Founded in 2007 by ex-Fieldfisher disputes partner Andrew Pena, Cubism began talks with Quantuma partner Andrew Hosking with a view to an “orderly wind-down of the business”, according to a person close to the situation.
The New Law market in which Cubism operated comprises non-traditional law firms looking to offer more affordable legal services using innovative internal structures and enhanced technology.
Like its rival Keystone, one person with knowledge of the situation said that Cubism had at one point looked into listing on the stock market.
The firm did not provide a statement regarding its closure.
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