A team of legal executives who were once a debt recovery arm of Eversheds, has launched an alternative business structure to bring litigation in-house under the supervision of its FILEx head of legal practice.
An international law firm has launched a start-up alternative business structure to carry out recovery work after being promised cases with a debt value of £40m by existing corporate clients.
Law firms must not allow arrangements with debt recovery companies to compromise their independence, the Solicitors Regulation Authority has warned, after two solicitors were fined heavily for allowing litigation to be carried out in their name.
The country’s largest specialist debt law firm – which went live a few weeks ago – is on the acquisition trail and is also open to the idea of outside investment, its chief executive has revealed. Drydensfairfax is exactly the kind of firms investors are said to be keen on.