Tag Results

Only 4% of CMC complaints relate to personal injury work, LeO reveals

Only 4% of complaints about claims management companies (CMCs) received by the Legal Ombudsman (LeO) relate to personal injury work, it has emerged, in the first release of figures since Leo began its new role.

June 5th, 2015 | 1 Comment »

Express Solicitors buys 450 personal injury cases in pre-pack deal

Manchester-based Express Solicitors has bought 450 personal injury cases in pre-pack deal with a Cheshire sole practice. A spokesman for Express said Ashfields was now insolvent.

June 2nd, 2015 | No Comments »

Linder Myers heading for profit a year after avoiding administration

Manchester-based Linder Myers is heading back into profit little more than a year after escaping administration, its chief executive has said. Tony Stockdale, chairman of consultants Assure Law, helped secure a refinancing deal with RBS in March 2014.

May 29th, 2015 | No Comments »

Creating a sustainable PI business model

Over the last few years, those firms wishing to remain in claimant personal injury (PI) have adopted a number of different strategies. Simply by living within their means, a number of smaller firms are adjusting to life post-LASPO by consolidating their activities to one or two particular streams. But the number of firms still prepared to spend excessively on the acquisition of new work, to keep their machines primed, is surprising.

April 23rd, 2015 | No Comments »

First Polish-owned, Polish-speaking ABS targets East European clients

The first Polish-owned, Polish-speaking alternative business structure opened for business at the start of this month – with the help of a British solicitor. Optimal Solicitors started life as a claims management company before converting.

April 21st, 2015 | No Comments »

SRA warns firms against misleading marketing as inducements ban kicks in

The Solicitors Regulation Authority has warned law firms against misleading publicity as the government’s ban on the use of inducements by personal injury solicitors came into force yesterday.

April 14th, 2015 | No Comments »

ASA rejects personal injury advert complaint because consumers ‘now understand how claims work’

The Advertising Standards Authority has rejected a complaint against a west country personal injury law firm, saying that consumers now have “a general awareness that to have a valid claim there would have to be some degree of fault or negligence by a third party”.

April 8th, 2015 | No Comments »

Profits soar at National Accident Helpline as it aims beyond personal injury

Legal lead generator National Accident Helpline today unveiled strong results for its first year as an AIM-listed business and indicated that it will continue to move beyond its core of personal injury to other areas of consumer law.

March 24th, 2015 | No Comments »

Express Solicitors poised for further acquisitions after £10m funding boost

Express Solicitors, the Manchester personal injury firm, is poised to make further acquisitions after securing £10m funding from the Royal Bank of Scotland. It said the money allowed a focus on growing the business “without having to compromise” on other areas.

March 13th, 2015 | No Comments »

Carnage – is it avoidable?

Many commentators are voicing their opinion and there does appear to be a growing consensus that 2015 is the year the devastating side of LASPO will fully show its face. Legal Futures last month reported a prediction of impending carnage in the personal injury (PI) market and it may well be true, but are there avenues that can be taken to mitigate the destructive nature of cash drying up on small-to-medium sized PI practices.

March 6th, 2015 | No Comments »