Highly acquisitive personal injury firm Neil Hudgell Solicitors has doubled in size with the purchase of rival Hull firm Rapid Solicitors, creating a £20m practice. The combined firm will have over 220 staff and handle more than 10,000 claims.
National Accident Helpline has today unveiled a 26% jump in profits, in the first financial results released since the personal injury marketing business listed on AIM in May.
Leading marketing collective First4Lawyers said today that it has seen a clutch of larger personal injury (PI) firms return to its panel in recognition of the need for scale to compete effectively in the market.
Falling revenue from personal injury work is the reason for the £5.1m loss announced by Co-operative Legal Services (CLS) yesterday, managing director Matt Howells has said.
The Association of Personal Injury Lawyers has successfully complained about an advertisement broadcast by high-profile Liverpool law firm Hampson Hughes that said claimants would receive £2,000 “up front”.
Slater & Gordon has announced UK revenues of just over £100m for its last financial year, and indicated that further acquisitions are to come in the coming 12 months.
The government has gone ahead with its promise to ban personal injury lawyers from offering inducements, such as cash or iPads, to potential claimants by inserting a new clause into the Criminal Justice and Courts Bill.
The “top three winners” from personal injury market consolidation will be Slater & Gordon, Irwin Mitchell and Minster Law, a leading defendant insurer has predicted.
MPs have called on the government to put pressure on the Solicitors Regulation Authority to stop personal injury lawyers “playing the system” by commissioning unnecessary medical reports on psychological injuries.
Flight compensation specialist Bott & Co is lining up a “series of similar niches” in the consumer world to capitalise on its successes with aviation, with a focus on IT, processes and client care.