Recovery First News

Solvent and Insolvent WIP Sales to Exit Claimant Personal Injury

Solvent and Insolvent WIP Sales to Exit Claimant Personal Injury

Solvent and Insolvent WIP Sales to Exit Claimant Personal InjuryThe legal sector has faced many difficulties over the past decade, making financial distress and law firm insolvency a dark reality for some businesses within the legal market. The last 12 months have...

PI Futures Conference 2020: RTA Reforms Update

PI Futures Conference 2020: RTA Reforms Update

PI Futures Conference 2020: RTA Reforms UpdateIn November, we attended the 2020 PI Futures Conference, where several speakers provided an update on the RTA reforms which are set to come into force in April 2021. There were five sessions in total discussing the future...

Case Study: Delta Legal Run-Off Successful Completion

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

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...

How to Sell a 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...