First start-up ABS hits the Bar early


The Bar: savings of at least 30% on solicitors

Red Bar Law has become the first start-up alternative business structure (ABS), offering clients early access to barristers and costs savings of at least 30%.

It is the brainchild of solicitor John Esplen, formerly a partner at London and Hertfordshire firm Barnes & Partners, and business consultant Hatice Suvari.

It uses a panel of more than 120 barristers for fixed-fee advice. Ms Suvari said the firm’s “main role” is to negotiate the fee and arrange advice from a barrister “from day one”.

She said the barristers are “quite willing to do a lot of the work themselves”, but any work not done by them is handled by the pair in-house at Red Bar, with any overflow going to freelance solicitors.

The key to the service is seeking advice as soon as possible from the barrister to bring the matter to a rapid conclusion, she emphasised, rather than waiting to bring counsel in down the line even when you know early on that they will be needed.

Though technically not direct access, Red Bar is the latest venture that aims to capitalise on the combination of the Bar’s expertise and lower cost base, following the likes of Stobart Barristers, Riverview Law and Advise Me Barrister.

Ms Suvari said they have been able to negotiate good rates from the barristers because Red Bar pays them within 24 hours of delivering their advice; the firm’s website says it can obtain a barrister’s opinion from as little as £75 per hour. Among examples cited on the firm’s website are a divorce with a small asset base, which it put at £10-12,000, compared to other solicitors charging £15-20,000, and a large piece of litigation, at £35-40,000 from Red Bar, compared to £50-60,000.

The firm handles family, civil litigation, professional and clinical negligence, employment, inheritance disputes and property disputes.

 

Tags:




Leave a Comment

By clicking Submit you consent to Legal Futures storing your personal data and confirm you have read our Privacy Policy and section 5 of our Terms & Conditions which deals with user-generated content. All comments will be moderated before posting.

Required fields are marked *
Email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Blog


How could instant messaging transform your law firm?

The vast majority of law firms have no instant messaging capability. In what other sector is that the case? Most stick to traditional communications channels. In 2021 there’s no good reason for that.


From cost saving to revenue making – post-pandemic commercial success

Commercial success is the driving force for ambitious law firms and it should come as no surprise that many have a renewed determination to re-evaluate their businesses in the wake of Covid-19.


Success in-house – what people don’t tell you about how to get there

TV dramas have made many people think that the legal profession consists of heroes (or villains) in high-flying firms or public prosecution. In reality, nearly a quarter of solicitors work in-house.


Loading animation