Our services

We provide a solution for insolvency practitioners, accountants, restructuring and corporate recovery specialists helping law firms to withdraw from the market – even in very distressed situations where SRA intervention is a real and present threat.

As each project is unique; the flexibility of our model allows us to bespoke a solution to ensure the best outcomes are achieved utilising the specialist expertise of a combination of our panel law firms to ensure maximum value is recovered for the WIP assets.

And because our model aligns all parties interests on success at conclusion of cases, there is no need for any lengthy due diligence so we are able to act very quickly.

Our service provides a methodology which:

Is SRA compliant and ensures clients are protected
Provides compliant formal commercial contracts between all parties
Manages the transfer process of live matters from original firm to our panel firms
Provides financial management of the costs recovery process, including the allocation and distribution of funds
Give you access to a dedicated, experienced management team to oversee the process from investigation to conclusion

In addition, we will:

Manage funding and insurance arrangement and reporting
Provide Management Information monthly designed to reflect individual requirements
Individual case progress analysis and financial reporting

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

Copley Clark

“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

FRP Advisory

“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”

Farley Dwek

” 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

It’s never too late to speak to Recovery First. Contact us now in the strictest confidence

Sally Dunscombe:

07774 205 870

sally.dunscombe@recoveryfirst.co.uk

David Johnstone:

07887 796 989

david.johnstone@recoveryfirst.co.uk

Manchester Address

106 Kennedy Building

Murray Street

Manchester

M4 6HS

Kent Address

PO Box 632

Chatham

Kent

ME4 9FL