Case Studies
Delta Legal – Individual Voluntary Arrangement
Delta Legal – Individual Voluntary ArrangementEstimated WIP £1.2 MAlternative offer £1.5 KValue Realised £1.5 MThe challenge Claimant personal injury firm entering an IVA following market reforms. Required a compliant external run-off of its live caseload. Recovery...
Case study: Finding the solution to a blockage in a merger situation
Case study: Finding the solution to a blockage in a merger situation Over the past few years, there has been a rise in law firm mergers and acquisitions; one of the main contributing factors being consolidation of the legal market with leading to larger firms...
Case Study: Volume RTA Phased Closure
Case Study: Volume RTA Phased ClosureWhen a volume RTA operation decided that the time had come to exit the market, the prospect of ceasing to take new work but maintaining resources to complete 12,000 cases was a challenging one. Engaging with Recovery First, the...
Case Study: Delta Legal Run-Off Successful Completion
Delta Legal Run-Off Successful CompletionRecovery First worked with Delta Legal, a Claimant Personal Injury firm. The project ran from 2014 to 2019 and was highly successful in the run-off of files. The firm were facing insolvency issues following the 2013 PI reforms....
Recovery First helps Quantuma salvage value locked in WIP of failing PI law firm
Recovery First Helps Quantuma Salvage Value Locked in WIP of Failing PI Law FirmRecovery First was brought in by insolvency specialist, Quantuma, less than two weeks prior to the cessation of a personal injury (PI) law firm (referred to here as B). Quantuma wanted to...