Recovery First helps law firms withdraw from specific sectors of the legal market, 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.
Speak to us in complete confidence for a bespoke proposal to meet your objectives
No up-front costs
We deal with legal agreements and file transfers and only get paid when cash is received
Seamless transfer ensuring SRA compliance
Seamless client transfer to a specialist lawyer within our panel
Suitable for all types of legal work
Suitable for all types of legal work, from a small portfolio of cases to large volumes
Maximise WIP recovery
Maximises the value of your WIP asset, and provides you with your additional entitlement to a success fee
Simple ongoing process
Simple ongoing process; one monthly payment, discharge of disbursements, transparent breakdown of costs and status reports
Grant Saw Solicitors LLP
“With our Claimant Personal Injury partner retiring in 2014 we decided the time was right to step back from Claimant Personal Injury work. We reviewed the market options, were disappointed at the discounts being applied by potential buyers of the WIP and were subsequently referred to the methodology introduced by Recovery First offering the full realisation of WIP overtime. We are now pleased that we went with Recovery First, despite the concept being relatively new at the time, as it has effectively delivered what it said on the tin. Over the project period we have seen a steady flow of receipts being accounted for to us as per service level agreements, allowing us to recover the full value we had built up in the files."
- Mike Clary, Partner
“Having taken a strategic decision mid-2014 to be completely out of the Claimant Personal Injury sector by the end of March 2015 we were Recovery Firsts’ first client to step back on a phased basis. PI-Solutions were happy to customise their offering specifically for us and I am happy to say it has worked a treat. We were able to focus our own resource on matters where we had a possibility of concluding within our own timetable and utilised Recovery First's panel firms to continue to work on other matters. Not only have their services allowed us to retain the value we had built in the files, the nature of the services ensured we were able to offer our clients the option of moving to firms with the skill sets required to best service our clients’ specific needs. For firms considering a departure from Claimant Personal Injury work we would have no hesitation recommending Recovery First."
- Malcolm Lawrence, Partner
“Having worked successfully with Recovery First for a number of years, we would have no hesitation in recommending their services when it comes to realising value from a book of claimant personal injury work. For one particular FRP Advisory project the realisations are approaching 100% of what was thought to exist at the outset, in a situation where we would have struggled to achieve 20% by way of a discounted sale. On that particular project a number of cases are still running and there is every possibility the full WIP value will be recovered."
- David Thornhill, Partner”
" We had an extremely positive experience working with Recovery First after making the strategic decision to move away from an area of law and retune our business model. The process was very straightforward, and we were really pleased with the overall outcome. We would highly recommend the Recovery First model as a practical solution to any law firm wishing to exit a specific sector.”
Jonathan Dwek, Director
"I have worked with Recovery First on a number of projects, very successfully, over the years. Their process ensures that the clients’ cases are placed with firms with the specific expertise required to handle them effectively.
On a recent project, this was particularly relevant for some very high value military claims being brought against the Ministry of Defence – this is a unique area of law requiring detailed knowledge and experience.
The result being that matters have been successfully settling with the added benefit that the value recovered was not subject to a discount, but the full allocation of recovered profit costs.”
Andrew Gregory, Director
“We have worked alongside Recovery First on a number of successful projects over a number of years and have been really pleased with the outcomes achieved. The monitoring of all matters by Recovery First and the associated accounting and reporting are of an exceptional standard, resulting in very smooth administration with maximum recoveries being created for the creditors. We plan on working with Recovery First for future projects and would have no hesitation in recommending their model to others”
- Andrew Poxon, Administrator
Ticking all the boxes for a confidential, quick, clean withdrawal from any market.
It’s never too late to speak to Recovery First. Contact us now in the strictest confidence
07774 205 870
07887 796 989
106 Kennedy Building
PO Box 632