ratio money

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Anyone had dealings with McKay Law in Leeds ? ere. Egg

 

It's a bit late to reply to this but given the gravity of the situation for anyone 'represented' by this firm I'm doing so.

 

McKay Law were in Leeds but they decamped to some cowsheds down a lane outside Wetherby when they ran out of money in Autumn 2011. See the judgement published on the web (name for search below) which will come up with your search for an explanation.

 

The text of the judgement also reveals in the reported words of the judge himself that the Principal of the firm, Simon McKay, was insolvent and subject to an IVA at the time of the events described. The firm failed to find a way of meeting their obligations to clients to fund their no-win no-fee agreements. There had been a previous scandal of mishandling clients funds which has meant that the firm is closely supervised by the SRA and has to submit accounts regularly. Maybe you were one of the clients who were assured that the firm had the necessary insurances to fund your case and to protect you, maybe you are surprised to find that this was not so - Again, that is what you will feel when you read the words of the judge himself.

 

If you are a client what this means is that they are always likely to be tempted into trying to find ways of getting money from you. When Ratio Money rolled over they tried the wheeze of telling their no-win no-fee clients that Ration had not paid them money due to fund their cases . . . In fact it was the unwillingness of financiers and insurers to finance an insolvent lawyer (read the judgement) that was the problem but, hey, why let an opportunity pass by to use the excuse of Ratio's failure to try to chisel some money out of clients. As recommended to Hopster elsewhere, just put McKay's full names (Simon Arthur Samuel McKay) into a search engine to find the sorry story, well, stories as it happens.

 

Presently McKay is in the brown and sticky having lost several actions that were intended to pump him up in the papers and get free publicity and not just because of the offices being among the cowsheds. See the reference miscarriageofjustice from your search to get an idea of the things that the firm get up to - Not exactly focusing on your case, indeed, the senior litigation solicitor left the firm nearly a year ago although clients for whom she is the nominated solicitor may not have been told that. Also, there are several complaints running with the Legal Ombudsman.

 

If you consider that you have been shafted by this outfit which received a great many referrals from Ratio then you need to get your complaint in quickly as, if they go under, you will need the evidence of having got your act together and complained to pursue their professional indemnity insurers. Make sure you heed the good advice to use a credit card to pay any sums in excess of £100 or read up on the Cheques Act and ensure that you know how to establish a binding contract so that you can reclaim from your bank.