Yorkshire firm Atteys - which last week announced it had given notice of intention to appoint administrators - is to be broken up and sold, the Gazette has learned.
Interim chief operating officer Mark Feeney said more than 60 local firms have expressed an interest in purchasing parts of the mixed practice.
'Things are proceeding to plan and we are working on moving staff and files to other firms,' he added. 'One firm might want the probate team, another the commercial team, so it's a question of getting the firm and the overlapping offers untangled and ensuring that no bits fall down the cracks.'
He said 'major issues' around successor practice rules made it very difficult to sell a whole firm. Feeney has been liaising with a Solicitors Regulation Authority team.
Atteys is a Lexcel practice management standard-accredited firm and a member of the Law Society Conveyancing Quality Scheme. It claims a history going back 230 years and has offices in Doncaster, Sheffield, Barnsley, Wath upon Dearne and Retford.