LK Bennett, LondonLK Bennett Collapse Lands DLA Key Insolvency Contract
LK Bennett is the latest high street name to collapse over the last few years providing lucrative work for restructuring and insolvency teams.
March 08, 2019 at 05:17 AM
2 minute read
DLA Piper has bagged the latest high street chain to go into administration – fashion retailer LK Bennett.
The firm is advising administrators Ernst & Young, with a team led by corporate restructuring partner Richard Obank with insolvency partners Huw Dolphin and Colin Ashford.
The firm also provided legal advice when Poundworld collapsed last June.
Earlier this year, Legal Week reported that recent high street administrations had been generating fees of up to £6.5 million. DLA Piper was among the biggest beneficiaries as businesses went under, administrator's documents showed.
How the work has been split since the start of 2017:
Flybmi – Feb '19: administrators BDO; legal advisers DWF
Utilitywise – Feb '19: administrators FTI Consulting; legal advisers Pinsent Masons and Addleshaw Goddard
Patisserie Valerie – Jan '19: administrators KPMG; legal advisers Gately
Monarch's engineering arm – Jan '19: administrators KPMG; legal advisers Shoosmiths
HMV – Jan '19: administrators KPMG; legal advisers Howard Kennedy and Addleshaw Goddard
Coast – Oct '18: administrators PwC; legal advisers White & Case, Pinsent Masons and Shoosmiths
Wonga – August '18: administrators Grant Thornton; legal advisers Slaughter and May
Gaucho Grill (Gaucho Steakhouse) – July '18: administrators Deloitte; legal advisers Hogan Lovells and Pinsent Masons
Poundworld – June '18: administrators Deloitte; legal advisers DLA Piper
Maplin – Feb '18: administrators PwC; legal advisers Eversheds Sutherland
Palmer & Harvey – Nov '17: administrators PwC; legal advisers Ashurst and Hogan Lovells
Monarch – Oct '17: administrators KPMG; legal advisers Stephenson Harwood, Freshfields Bruckhaus Deringer and Kirkland & Ellis
Bell Pottinger – Sep '17: administrators BDO; legal advisers Ashurst
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