About R&R Solutions
R&R Solutions offer an alternative approach for individual solicitors and law firms. The unique nature of each project requires a bespoke solution to achieve the required objectives. Working closely with our clients R&R Solutions start with the end goal and work backwards from pre-agreed timescale to ensure clients and staff are handled with empathy, a high level of understanding and service is maintained, whilst the firm is able to retain the maximum value locked up in their files through a fully outsourced, managed and SRA compliant process.
Why were we set up?
R & R Solutions was set up :
- To provide solicitors with an effective mechanism to retain the real value WIP in a retirement, restructuring or managed closure event
- To provide a bespoke solution for each unique project
- To maximise the value of hard-earned WIP assets in all circumstances
How have we evolved?
We initially set up to assist solicitors in exiting the area of claimant personal injury following the LASPO reforms.
R&R Solutions now assist in structured exits from all areas of law.
Our process is extremely flexible and can be tailored to most circumstances, such as:
- Exiting a particular area of law
- Phased closure/ run off
- Mergers and acquisitions
What makes us different?
- No lengthy due dilligence process
- Our panel model breaks the TUPE and successor practice links
- Avoids risks, so no need to discount the WIP asset value
- Work is spread across our panel of solicitors to ensure case volumes are manageable and no interruption to client care.
Head Office Team
Administration and Costs Executive
Retirement Project - Grant Saw Solicitors LLP
“With our claimant personal injury partner retiring in we decided the time was right to step back from PI work. We reviewed the market options, were disappointed at the discounts being applied by potential buyers of the WIP and were referred to R&R’s offering the full realisation of WIP over time. It has effectively delivered what it “said on the tin” - over the project period we have seen a steady flow of receipts being accounted for to us, allowing us to recover the full value we had built up in the files."
- Mike Clary, Partner
Restructuring Project - Copley Clark
“Having taken a strategic decision to be completely step out of the claimant personal injury sector we were R&R’s first client to step back on a phased basis. R&R customised their offering specifically for us and I am happy to say it has worked a treat. We could focus our own resource on matters where we had a possibility of concluding within our timetable and utilised R&R’s panel firms to continue to work on other matters. Not only have their services allowed us to retain the value we had built in the files, the nature of the services ensured we were able to offer our clients the option of moving to firms with the skill sets required to best service their specific needs. For firms considering restructuring we would have no hesitation recommending R&R Solutions."
- Malcolm Lawrence, Partner
Restructuring Project - Farley Dwek Solicitors
" We had an extremely positive experience working with Recovery First after making the strategic decision to move away from an area of law and retune our business model. The process was very straightforward, and we were really pleased with the overall outcome. We would highly recommend the Recovery First model as a practical solution to any law firm wishing to exit a specific sector.”
Jonathan Dwek, Director
Ticking all the boxes for a quick, clean, confident exit from legal markets due to restructuring or retirement.
Contact us now in the strictest confidence
07774 205 870
07887 796 989
106 Kennedy Building
PO Box 632