Express Solicitors becomes an ABS

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Personal injury specialist law firm Express Solicitors has become an alternative business structure.

 

The firm, which currently has 148 employees including 13 partners and 47 earners, was granted an ABS license from the Solicitors Regulation Authority (SRA) on 1 April.

 

Managing partner James Maxey said that firm's new status would put it in a stronger position to continue moving forward in what he described as "a difficult climate for the legal sector".

 

“It will allow us to bring qualified non-legal professionals into the fold to help us further improve the quality of our services and it also makes external investment a possibility in the future," he said.

 

“We’ve had consistently strong growth in profitability over the years – last year reporting a 35% increase in fee income to £7.2m for the year end in 2013 – despite the changes in law that actually make it harder for personal injury law firms to succeed.  We believe operating as an ABS will keep us on the right track going forward,” he added.  

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Mark Dugdale is the editor of Claims Media. Mark welcomes articles, letters or feedback from readers and can be reached via mark.dugdale@barkerbrooks.co.uk