Express Solicitors has acquired 450 claimant personal injury files from Ashfields Solicitors.
Express Solicitors’ second acquisition of Work in Progress was made possible due to a £4.1m refinancing package from RBS Corporate following the firm’s successful conversion to an ABS in April 2014. The purchase includes some clinical negligence cases, a database and all office equipment.
Managing Partner at Express Solicitors, James Maxey (pictured left with Steve Taylor, senior relationship manager at RBS), said that the firm’s team of specialist lawyers were looking forward to continuing the good work that Ashfields Solicitors had started and to “providing a seamless and exceptional service” for its former clients.
“Our strategy is to continue to grow organically on the back of our successful reputation and targeted marketing initiatives, which have so far allowed us to enjoy turnover growth over several years at 30% per annum,” said Maxey.
“We’re also actively looking to acquire other personal injury law firms as going concerns, or caseloads, and have a bespoke line of funding agreed with RBS for this purpose. We can move quickly in these situations as we have the resource to carry out the necessary audit of files in house. The firm covers every area of personal injury law and that coupled with our strong financial position means we can conclude deals within a matter of days; this can be essential in the personal injury market place, which is now quite rapidly consolidating.”