One fifth of personal injury firms in north-west of England considering closure!

EdwardHandsandLewis
April 25, 2013

Paul Stubbs -Director at Edward Hands and Lewis

According to a survey conducted by Liverpool firm O’Connor’s, a fifth of personal injury firms in the north-west of England are considering closure. An estimated 100,000 jobs could be lost over the coming year as a result. It is the smaller firms that will be most affected as larger firms have more resources available to be able to tackle the changing marketplace.

This news comes ahead of new legislation to be implemented on 01 April 2013 that will significantly change elements of the way litigation is funded. One of the substantial changes being a change in the way After the Event insurance can be recovered and a change to the recoverability of referral fees relating for personal injury claims.

So what can firms do to survive? The most obvious solution would be for firms to invest greater resources in more efficient marketing. Firms will consider investing in methods of reaching their clients direct. Social media remains a growth area for introductions of new clients to law firms and it is anticipated that trend will continue.

If you have a litigation query or would like to know more contact Paul Stubbs at Edward Hands and Lewis solicitors.

Keep up to date with our daily blogs through the Edward Hands & Lewis mobile app, just search Edward Hands on the iPhone or Android store to download our app for free.

Bio
Twitter
Facebook
LinkedIn
Latest Posts

EdwardHandsandLewis

www.ehlsolicitors.co.uk Edward Hands & Lewis is a firm that has evolved over time with a commitment to its core values. We have never forgotten that we are here because of our clients who have supported us over many years. We are proud to be at the heart of the communities in which we serve and we are equally proud of the team that we have to provide such service. We aim to provide value for money with a commitment to good, clear and concise advice. We take the time to ensure that our advice and assistance matches your goals. Unlike many professional services organisations, brevity and helpfulness are our watchwords. The agile and creative minds of the people we employ equip them to advise the same client on a diverse range of matters. This multi-specialism makes our lawyers and advisors expert on a range of the legal and other issues affecting their clients’ business. The strength and depth of our client relationships avoids wasted time and cost: it enables us to keep up to speed on business and sectoral developments and there is no need to field large teams of experts as a matter of course. While we have been established for many years, we pride ourselves on forward-thinking and believe we have achieved the right blend between traditional and modern. Whether you are an existing client of ours, are about to become a client or are looking to join us, we sincerely hope that your experience is a positive one.