Two years after the collapse of King & Wood Mallesons (KWM) the saga rumbles on, with administrators primed to pay former staff as an £18.3m funding deficit leaves unsecured creditors out of pocket.
A progress report filed last week details how some former employees of the firm have been ranked as preferential creditors following KWM’s 2017 insolvency. These employees will now be eligible for successful claims on failing to consult on the redundancy process, as well as payouts on wages and holiday pay.
