Pannone Corporate has cemented its position in the latest Insolvencies and Companies List, according to the Solomonic Year in Review.
The insolvency and debt teams secured second spot in the top insolvency law firm list, for the second consecutive year. The list is based on the volume of claims issued to the High Court in 2024. Collectively, 296 claims were issued by Pannone Corporate, up from 260 in the previous year. This placed the firm ahead of the likes of Irwin Mitchell, Pinsent Masons and Addleshaw Goddard.
The report stated: “The insolvency and debt teams at Pannone Corporate continue to contribute significantly to insolvency matters, maintaining their top position and demonstrating growth on 2023 claim volumes.”
Daniel Clarke, insolvency and restructuring partner at Pannone, commented: “These numbers illustrate that the ongoing pressures facing businesses are translating into formal insolvency processes in one form or another. As the current economic climate continues to pose challenges, we’re likely to see this trend continuing throughout the remainder of 2025 and as a firm, we believe that we are well placed to assist businesses in addressing the issues arising from those challenges.”
Paul Jagger, Head of Debt Recovery at Pannone, added: “We’re delighted to have strengthened our position in the Insolvencies and Companies List, maintaining our ranking and increasing the number of claims being issued to the High Court. Our investment in the team, and the technology that underpins our work, means we are perfectly positioned to manage high volumes and achieve excellent results for our clients.”
The annual report looks at key trends and analytics on the claims issued in English High Court and the Competition Appeal Tribunal over a 12 month period.
In total in 2024, nearly 7,500 claims were issued, a drop of 4% in claims compared to the previous year.
The report states that ‘unlike the preceding years, [2024] has not been marked by a major seam of new cases centred around a national or international crisis, scandal or event.’ As such, the year revealed the underlying ‘business as usual’ activity of the English civil High Court.