Recovery First

Helping personal injury law firms exit the market and recover 100% WIP

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Maximise recovery of work in progress

We only get paid when you get paid

Prevent bankruptcy and its consequences

No heavy discount on the transfer of files

Tax efficient exit from the industry

About Recovery First

Recovery First helps law firms withdraw from specific sectors of the legal market, most commonly the Personal Injury sector, whilst ensuring 100% of the recoverable WIP value is retained by the law firm. We work alongside Solicitors, Accountants, Restructuring and Corporate Recovery Specialists to ensure the most profitable outcome is achieved on any file transfer agreement.   

Typically, those exiting the legal industry are forced into selling their WIP in bulk to a single purchaser, often at a heavy discount. At Recovery First, we offer an alternative approach to ensure you retain the value of your WIP in a fully outsourced, managed, and compliant run-off manner. 

Our Process 

Recovery First maintain a panel of Solicitors that assist by taking on part-run cases and running the same to conclusion. On successful conclusion of each case, the Solicitors on our panel pass their obtained files onto an independent cost drafting firm to assess each case so that they can allocate a fair split of costs. 

This process is open, transparent and can be challenged on a case by case basis if required. Up to 50% of your WIP value is likely to be realised within twelve months. 

All fees recovered flow through separate client account arrangements, ensuring that our clients’ funds never become ‘stuck’ within panel firms. 

Why Choose Recovery First?

Recovery First is the optimal choice for those looking to exit a legal sector whilst remaining solvent and maintaining cash flow, or for those looking for a structured exit from the legal market and wanting to recoup 100% of their recoverable WIP, either due to difficulties in continuing their practice or due to retirement/restructuring. 

Whatever the reason, Recovery First will ensure the most profitable and positive outcome is achieved, with some of our clients benefitting from a more profitable outcome than their recorded WIP, over the lifespan of their run-off. 

Contact Us

 

Telephone:

01737 474 024

24 Hour Telephone Helpline: 0845 056 1258

Address

Glasgow
North Torfoot,
Drumclog,
Strathaven,
ML10 6QG