Portsmouth: Verisona Law scores business accolade

The latest industry recognition for a team of Portsmouth legal experts at the UK’s Insolvency & Rescue Awards not only breaks new ground for the firm, Verisona Law, but also for the profession.

Verisona Law’s insolvency and business turnaround team has walked away with the ‘Business Rescue of the Year’ award in recognition of its work for Portsmouth Football Club. The hard work, commitment and support given by the team to the historic rescue of the Club has also won praise throughout the world of professional services.

Verisona Law is now the first law firm to ever have been given the title of ‘Business Rescue of the Year’ at the only awards that recognise best practice and professional excellence in the corporate recovery and insolvency sector.

A panel of over 20 judges – including the chief executive officers of the Insolvency Practitioners Association and Institute for Turnaround; presidents of the Turnaround Management Association (TMA) and Association of Business Recovery Professionals (R3) and the managing editor of Credit Today and Insolvency News – agreed that Verisona Law had made an exceptional contribution to the industry in the past year and that the Portsmouth firm had shown itself more than worthy of the national title.

"Just to be shortlisted by such an expert panel was a tremendous compliment to our work,” said Nick Oliver who heads up the team at Verisona Law, including directors David Oliver, Mike Dyer and Chris Allnutt.  They joined over 700 industry leaders at a ceremony held at The Lancaster Hotel in London.

"At first, I don’t think we quite believed it, but once the announcement had sunk in, we were all elated.”

The firm, which was also shortlisted for ‘Insolvency Firm of the Year’, has proudly added its latest trophy to a growing collection.

"Of course, the work we did was for the people of Portsmouth, the fans and the consortium, including the Portsmouth Supporters’ Trust," said Vincent Denham, Verisona Law’s CEO. "At the time, we were just focused on seeing the project through, but upon reflection, and in light of interest and plaudits from various business communities, we are beginning to realise that we achieved something pretty special.

"We are very touched by the congratulations we have received since the win was announced and all very proud of each other."