Plexis Law, the personal injury arm, is expected to be sold to an entity set up by its founder, Andrew McDougall. Parabis was the first private equity-backed firm to be given Alternative Business Structure status, allowing non-lawyers to become owners.
Shortfall of £20m
One insider told Sky News that the disposals would raise about £50m - about £20m less than the total for which Parabis is indebted. Source: Sky News