With the recent consultation on extending fixed recoverable costs (FRC) in civil cases, the landscape for some is looking unknown. Pryers Solicitors are actively seeking acquisition opportunities.
Consultation on Extending Fixed Recoverable Costs
The consultation follows Sir Rupert Jackson’s 2017 report, in which he argued that controlling litigation costs is “a vital part of promoting access to justice”.
We still believe, despite the changes in costs, that those who are injured as a result of an accident (be it medical negligence, general PI, or a road accident) should have access to justice and that those genuinely injured should be able to claim compensation.
Pryers Solicitors are Seeking Acquisition Opportunities
Our CEO, Neil Fearn said: “We’re seeing a lot of firms behave nervously around these changes, implying that they will exit the market when they come into effect. This feels like the wrong approach for those people who are genuinely injured, the service and support they receive shouldn’t be compromised by the increased pressure on law firms to make money from the decreasing number of what are seen as lucrative cases. At Pryers we believe everyone should have access to justice. We’ve already acquired some other solicitor’s books of work to continue offering a service to their client’s, but will be looking to acquire more as more firms look to exit the Clinical negligence or Personal Injury market to make sure that injured people aren’t affected by the fixed cost structure.”
We seek to secure the best compensation level for all our clients and have gained a reputation for excellence in our specialist fields. We also have experience of completing multiple deals successfully in a variety of different ways in order to maximise the value returned to the vendor.
If you are interested in a private discussion about a potential sale of practice or book of work, please contact Neil Fearn through our online contact form, or on 1904556600.