A former Ashley Law adviser has issued a statutory demand to the Essex company for £7,719 of earnings he says is owed a year after he left.
Ned Naylor is one of a group of nine former advisers who are planning a group action for the recovery of around £500,000 which they claim is for lost earnings.
Ashley Law says it has a counter-claim against Naylor which relates to outstanding fees which it says exceeds the value of his claim. Naylor says he paid £5,000 for client and commission ownership so he would not be liable for the fees. Naylor was given notice by Ashley Law in February 2003.
The case of Chris Wilson, another former Ashley Law adviser, for breach of contract is being considered in Guildford County Court.
AP Financial Services UK adviser Naylor says: “The deal with Ashley Law was that I would own the clients and the commission from them. Ashley Law says it offers guaranteed owner-ship of clients and commission. I have not received payment which I can prove has been paid to Ashley Law by providers and that is not right.”
Ashley Law managing director Jock Cassidy says: “Mediation has not come to an end – we are trying to persuade them that they are wasting their time and money going to court. We do not owe these former advisers any money.”