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Justin Whealing
Listed law firm Integrated Legal Holdings (ILH) has gone into voluntary administration.
Listed law firm Integrated Legal Holdings (ILH) has gone into voluntary administration.
The publicly listed ILH Group made the announcement today (18 December) via a release sent through to the Australian Securities Exchange.
ILH has had a horror 12 to 18 months financially, with a net profit loss after tax of 540 per cent between FY13 and FY14.
Managing director Graeme Fowler resigned from the company on 1 December, with the company requesting a trading halt on 10 December.
Today’s ASX announcement said that the subsidiary law firms under the ILH umbrella – Rockwell Olivier, Signet Lawyers, Civic Legal and Law Central – will “continue to operate on a business-as-usual basis”.
Lawyers Weekly contacted ILH chairman Matthew Driscoll prior to publication, but he was unavailable.
