John Howell’s International Law Partnership is to close, reportedly due to a collapse in income at the firm.
The UK-based law firm, specialised in overseas conveyancing and legal issues. It is to cease to practice from July 10th 2009.
Howell has said the company had written off over £500,000 of anticipated income so far this year, while actual income had fallen by nearly 75%.
“Over the last few months our clients – and, in particular, our developer clients – have been going bust at a catastrophic rate and many of our other clients are unwilling or unable to pay their bills,” said Howell. “We have, therefore and with great regret, decided to close the business.”
Howell will be well known for his regular appearances at exhibitions and seminars at which he was invariably one of the best respected speakers. He has also been a regular advisor on TV and radio shows in both the UK and Ireland. It is to be hoped that he and his company will not be lost to the overseas property community completely.
The full story on the closure of ILP can be found here.