Plexus has quietly put its entire London office up for rent. It has not informed staff and told RollOnFriday it was just "subletting some empty space". 

The insurance defendant claims firm, which was 'saved' by a management buy-out when the Parabis group collapsed into administration, occupies the third and ninth floors of Peninsula House near Monument station. But not for long. Both floors are being let in their entirety, the ninth for £579,024 and the third for £872,798.26. 

Commercial surveyors have been advertising the offices since 25th July as available in their current condition or, if you'd rather not have the whiff of tort manuals lingering in the air, stripped out. The ninth floor is already under offer. Not that Plexus employees who work there know about it. A source told RollOnFriday, "nothing is being mentioned to staff. Again".

  "Hey Sam, don't we...don't we work there?"

When RollOnFriday asked Plexus why it was letting its London premises, Head of Legal Practice Development Mark Marshall said, "We are sub-letting some empty office space we have in London". That will come as a surprise to the dozens of staff there.

Marshall, who also works in Peninsula House despite his assurance it is empty, was subsequently informed that RollOnFriday knew the firm was letting the entirety of both floors. He did not respond to further requests for comment. The firm also did not respond when asked to explain why it was leasing its whole office, what was going to happen to the staff and whether Plexus was aware that it had lots of people inbetween all the empty space.
Tip Off ROF

Comments

Anonymous 04 August 17 11:19

Unless I am missing something, the only reasons for doing this are:

1. Plexus are closing their London office
2. See 1 above.

Anonymous 04 August 17 12:25

The Croydon office only shut down just after Easter. Where next for the jolly Plexus bunch after the clearly upcoming London close - a shed somewhere in East London?

Anonymous 04 August 17 12:33

Closing external TC applications and offering £24,000 to internals starting in September.

Surely this all points to the closure of all their southern operations and retiring back up North from whence they came?

Anonymous 04 August 17 13:04

This is very fake "news". No-one from Plexus has ever worked on the 9th Floor of Penn House. It has never been fitted out by Plexus and most of the staff including me had never heard of it until a recent update from the Senior Partner, let alone seen it. So what? Staff like me don't need to know every detail about the firm from day to day. Surely it is appropriate for any firm (including Plexus) to take the care required to balance it's property portfolio carefully and move if and as required? The story would be more valid if the firm wasn't taking care to manage it's expenses! And yes, I work at Plexus and I like working here.

Roll On Friday 04 August 17 13:33

Also, are we seriously supposed to believe that Plexus, recently re-incarnated from the ashes of the Parabis Group has been sitting on an entirely empty and unwanted 9th floor at an annual rent of £579,024 and has only now got round to marketing it?

Anonymous 04 August 17 23:23

HF fair enough but never Keoghs. Have you seen the amount of goodwill they have had to introduce to make their balance sheet work? Doomed.

Anonymous 08 August 17 21:44

@04/08/2017 22:23

http://www.rollonfriday.com/Blogs/ReadBlog/tabid/144/id/38354/Default.aspx

Anonymous 11 August 17 14:15

having just left the company I can confirm staff never get informed of any of the big decisions

Anonymous 14 November 17 21:07

Provincial Plexus has it in for the London lawyers. Everything, Plexus believes, can be done by mediocre and junior staff in what they hilariously call the ‘Leeds centre of claims excellence’. It’ll be paired back to an even shittier firm than it is already to save cost and in the hope that if it is slimmed down enough it might be saleable. But with the good people going and the clients too, and with fees at rock bottom fixed and annualised fees, without a sale soon another administration must be a real possibility.