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Consumer debt forecast “likely to favour law firms” but smaller practices could lose out

Smaller law firms specialising in insolvency work will be hit with a double whammy as Brexit favours big firms that can keep debt recovery costs down, while an Online Court will make it easier for litigants in person to pursue claims, a report has predicted. But the overall picture for law firms handling insolvency work was bright, it said.

July 12th, 2017 | No Comments »

Eversheds debt recovery spin-off plans ABS expansion while Midlands start-up looks to US

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.

June 23rd, 2015 | No Comments »

Firm launches ABS spin-off after pledge of multi-million pound recovery work

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.

December 17th, 2013 | No Comments »

SDT rulings send out warning to law firms over relationships with debt recovery companies

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.

June 17th, 2013 | No Comments »

Biggest debt recovery firm eyes acquisitions and is “open” to external investment

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.

June 1st, 2012 | No Comments »