Recovery First Limited’s Post

What our clients say about us. A recent testimonial received from a solicitor firm in relation to our process. Visit our website to find out if we could assist your firm.

We use our panel firms of solicitors to bring the case to a conclusion, and thereafter, we will use one of our panel firms of costs lawyers to maximise the recovery of costs both through the preparation of budgets during the course of the litigation, statements of costs, bills of costs and negotiations. Find out more below: https://bit.ly/46NsKSe

When selling your law firm, the main factor to be considered is the buyer. Who are you selling your firm, or you valuable Work In Progress (WIP) to? https://bit.ly/3IUTfeU

Our webinar with Leonard Curtis on challenges, issues and options for legal practices can be found on our website using the link below: https://bit.ly/444tlOi

Recovery First offers support to insolvency practitioners, accountants, and corporate recovery experts for law firm insolvency cases. We also direct lawyers to solutions for their financial problems. #insolvency #insolvencypractitioners #lawfirms https://lnkd.in/eXYPS468

How the Recovery First model ensures fairness in costs recovery: The Recovery First model is structured to ensure that all parties' interests are aligned with the collection of costs. ✅ No upfront fees - We handle transfer structuring, legal agreements, data transfer, and physical file movement at no initial cost. ✅ Ongoing monitoring & management - Our panel firms manage files to completion (often for many years). ✅ Cost negotiation & collection – We expertly handle the negotiation and collection of costs, ensuring maximum recovery. ✅ Fair cost allocation - We manage the allocation of costs to ensure they are allocated fairly between the exiting firm and the panel firms, including managing the payment of disbursements. ✅ Transparent accounting - We report to all parties openly and only charge fees as a percentage of costs recovered for the original firm. ✅ Success-based fees - Fees are only charged when costs are successfully recovered. If no costs are collected, we don't charge. We believe that this is a fair and equitable solution and ensures that everyone's interests are aligned - we all get paid, or none of us.

Are you considering leaving a legal market? Recovery First helps law firms exit any legal market. We provide solutions for firms exiting due to insolvency through retirement, restructuring, or voluntary exit. Read our recent article to find out more about how our model could help you recover maximum WIP value. https://bit.ly/3Ipzo7l

Remember, all of our previous webinars can be found on the Recovery First website using the link below: https://bit.ly/3N926eG

Personal injury claims are one of the most prominent areas of litigation; so, why are law firms exiting the claimant personal injury market? https://bit.ly/43ZlbH0