Recovery First News
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....
Case Study: Exiting Personal Injury using a Phased Approach
Exiting Personal Injury Using a Phased ApproachIn 2014, we were approached by a Surrey based law firm who made the strategic decision to exit the Claimant Personal Injury market. This firm wished to exit the market so that they could focus on more profitable areas of...
Case Study: Exiting Personal Injury due to Retirement and Restructuring
Exiting Personal Injury due to Retirement and RestructuringIn 2014, Recovery First began working on a project which was provided to us through a referral from a risk management company. The project involved us assisting a London based, small to medium-sized law firm...
How to Sell a Law Firm
How to Sell a Law FirmSelling a law firm is not as simple as most other business sales and purchase. All sales of law firms must be SRA compliant and must take into consideration a number of factors, such as informing clients of the sale of the practice and dealing...
The New Whiplash Reforms and Their Impact on PI Firms
The New Whiplash Reforms and Their Impacts on PI FirmsWhat Are the New Whiplash Reforms? The new whiplash reforms are new measures which have been introduced by the Government to change how whiplash claims are handled in England and Wales. The Civil Liability...
Challenges Facing the Legal Sector in 2020
Challenges Facing the Legal Sector in 2020The legal profession has been faced with many obstacles over the past decade, with many changes and new law reforms being introduced. Legal Aid cuts, the introduction of the Jackson Reforms, and new fixed costs regimes, which...