Tag Results
Covid loan repayment forcing law firms into administration
Thursday, 16 November 2023Many businesses took out government-backed loans, such as the Bounce Back Loans Scheme (BBLs) and the Coronavirus Large Business Interruption Loan scheme, to help them through the Covid-19 crisis.
Tags: Recovery First
Posted in associate news
VFS Legal administration – Understanding your firm’s options
Friday, 25 August 2023The sad news of the administration of VFS Legal, the latest in a number of funders servicing the claimant market, will inevitably have a knock-on effect on those who have used their services over the years.
Tags: Recovery First
Posted in associate news
Overcoming challenges in solicitors’ PII renewal
Wednesday, 12 July 2023Renewing Professional Indemnity Insurance (PII) over the last few years has become increasingly taxing for solicitors, with rising premiums from the hard market conditions that have extended across all professional sectors, not just law firms.
Tags: Recovery First
Posted in associate news
The role of a solicitor manager in law firm insolvency
Thursday, 16 March 2023A solicitor manager has an integral role to play in the administration or liquidation of a distressed law firm.
Tags: Recovery First
Posted in associate news
Repayment of CBILS loans causing cashflow issues? Recovery First can help
Thursday, 24 November 2022If you have taken out a CBILS loan and are now facing issues with cash flow, Recovery First can assist in a number of ways.
Tags: Recovery First
Posted in associate news
Law firm financial difficulties: How Recovery First can help firms avoid SRA intervention
Tuesday, 27 September 2022In a recent article by Neil Rose at Legal Futures, it was highlighted that there has been a recent rise in law firms in England and Wales reporting financial problems to the Solicitors Regulation Authority (SRA).
Tags: Recovery First
Posted in associate news
Law firm mergers: Offloading a department before a merger
Wednesday, 16 March 2022As the legal market continues to change, solicitors’ mergers and acquisitions are becoming more and more common. Consolidation within the legal market over the past few years has meant that larger firms are taking a greater share of the legal market, providing them with more power to compete.
Tags: Recovery First
Posted in associate news
Recovery First: A look in the rear-view mirror at 2021 and the road ahead going into 2022
Thursday, 23 December 2021From the off, there has been a lot of commentary about the impact the pandemic was going to have on the legal sector. It was initially expected that during the pandemic, we would see an increase in the number of law firm insolvencies. The reality was that for the first 7 months of the year it was a calm period in terms of new projects, distressed or otherwise.
Tags: Recovery First
Posted in associate news
Recovery First Launches R&R Solutions to help retiring solicitors and restructuring law firms
Thursday, 12 August 2021Recovery First, best known for their work in maximising recoveries in distressed situations, are launching their new brand, R&R Solutions, specifically to work with retiring solicitors and restructuring law firms. R&R Solutions works alongside accountants, solicitors, restructuring lawyers, and restructuring specialists to ensure the most profitable outcome is achieved in realising WIP assets.
Tags: Recovery First
Posted in associate news
Solvent and Insolvent WIP Sales to Exit Claimant Personal Injury
Wednesday, 3 February 2021The legal sector has faced many difficulties over the past decade, making financial distress and law firm insolvency a dark reality for some businesses within the legal market. The last 12 months have been particularly challenging for companies in all sectors due to the Coronavirus pandemic.
Tags: Recovery First
Posted in associate news
Blog
Legal project management – a mindset lawyers can easily apply
Where budgets are tight, lawyers will be considering what’s in their existing arsenal to still improve productivity. One effective, accessible and cheap tool is legal project management.
How a good customer journey can put your business on the map
Good customer service should be a priority for any business and, if you want to stay ahead of the competition, something that’s constantly under review.
The CAT’s welcome boost for the funding industry
There was welcome guidance from the Competition Appeal Tribunal this week for funded cases looking for certainty following PACCAR, with the renegotiated Sony litigation funding agreement upheld as lawful.
Reports
Associates
