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30 FINSBURY CIRCUS, LONDON, EC2M 7DT, ENGLAND
Tel:
Work 020 7628 7576
Fax:
Fax 0870 608 9390
DX:
33856 FINSBURY SQUARE
Email:
Web:
www.devonshires.com
Leeds, London

Jim Varley

Tel:
Work 020 7880 4376
Email:
Devonshires Solicitors LLP

Work Department

Commercial Litigation

Position

Jim is an insolvency partner with extensive knowledge of forensic recovery and contentious insolvency. Over 20 years he has built a strong expertise in reorganisations, administrations, pre-packs, administrative receiverships and LPA receiverships, voluntary arrangements and bankruptcy situations.

His work includes advising creditors in relation to their rights and options in relation to unsecured liabilities in both liquidations and bankruptcies, and also advising and assisting Insolvency Practitioners in seeking to recovering assets and liabilities in usually zero asset insolvencies. Jim’s recent experience includes:

  • acting for a liquidator in seeking to recover moneys from a former director resulting in a recovery of £1m;
  • acting for a liquidator in a claim against a former director for the recovery of company moneys spent by him for his personal use resulting in full recovery plus interest and full indemnity costs;
  • acting for a provisional liquidator and special manager of a partnership accused of alcohol diversion fraud involving multi-jurisdictional aspects in the USA, France etc;
  • advising an estate in relation to a multi-million, multi-jurisdictional VAT evasion fraud in which they recovered large sums;
  • undertaken a search and seizure application in the United States;
  • examination of witnesses in a court in India;
  • advising insolvency practitioners in relation to asset recovery from bankrupts;
  • advising in relation to directors' liability arising from their conduct in running various insolvent companies and successful recovery from them;
  • forensic investigation for insolvency practitioners; advising in relation to bankruptcies of partners of a large accountancy practice that went into liquidation; and
  • advising in relation to the retention of title claims made following the collapse of a large retail organisation.

Career

Trained at Hugh Cartwright Solicitors, qualified in 1995. Jim began his career as a legal executive at Wilkinson Solicitors in 1988 moving as a partner to Hugh Cartwright Solicitors before qualifying as a solicitor in 1995. He then began work at Moon Beever Solicitors undertaking pure insolvency work, before becoming an associate at Davies Arnold Cooper and a consultant at Salans LLP. He was one of the founding partners of Locke Lord (UK) LLP in 2012 and recently moved to Devonshires Solicitors LLP to head their insolvency and debt recovery practice. Partner Devonshires 2015.

Member

Fellow of R3 and a member of the Insolvency Lawyers Association and INSOL.

Education

Nottingham Law School; Fellowship of the Institute of Legal Executives.


London: Dispute resolution

Debt recovery

Within: Debt recovery

The established team at Devonshires Solicitors LLP handles all forms of debt recovery for clients that include City SMEs, banks, financial institutions, local authorities and government agencies, providing 'an excellent level of service'. The group, which sits within the wider commercial litigation and dispute resolution department, is led by Matthew Hennessy-Gibbs, who is instructed by Michael Page International on a variety of debt recovery matters arising out of its UAE operations. He also assisted Sodexo with the recovery of £156,000 for the provision of services from a joint venture which included Carillion. Other key contacts include Jim Varley and Robert Edge, both of whom are veterans of the area.

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