Meet the Recovery First team

“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

Due to the changes in the claimant personal injury market, as well as our age and stage in life, we decided that a managed closure of our firm was the best option for us. We wanted to obtain the best value for our work in progress, so we contacted Recovery First who allowed us to transfer cases in various tranches whilst we stopped taking on new cases.

A phased closure allowed us to maximise our WIP recovery, whilst managing our costs base in line with a diminishing case load.

The process was smooth and straightforward. We would recommend the Recovery First model to any law firm wishing to exit a market.

“When I decided the time had come to step down from law firm ownership and go through a managed closure, the help that I was given from Recovery First was invaluable. 

I needed to obtain the best value for our work in progress, whilst ensuring that our clients were looked after by solicitors who were experts in their type of cases. 

By using Recovery First, I was able to transfer cases in various tranches while dealing with the formalities of closure with the SRA. 

The process was smooth and straight forward and I would recommend the Recovery First to anyone wishing to restructure their firm or go through an orderly close down. 

A phased closure allowed us to maximise our WIP recovery, whilst managing our costs base in line with a diminishing case load.

The process was smooth and straightforward. We would recommend the Recovery First model to any law firm wishing to exit a market."