Originally designed as a succession planning tool for retiring solicitors, today our service offers a positive option for firms affected by the unprecedented changes in the legal sector, which are expected to have the greatest impact in 2016 as the chancellor’s recent announcement impacts further.

We offer an alternative to selling WIP on a discounted basis, to another single firm or buying groups of solicitors, and to undertaking an internal run off with the huge challenges that brings.

At PI-Solutions, we’ve identified a cohort of firms willing to assist their peers wishing to take a step back from claimant PI work.  In a process project managed by PI-Solutions, these firms simply take the WIP to conclusion for the value they can add and leave the exiting firm with the value that already exists in the work.  

On successful conclusion, the panel are contractually obliged to pass the file to independent cost drafting businesses for assessment prior to a fair split of allocation costs.  This process is open, transparent and can be challenged on a case by case basis if the need arises.  What’s more, all fees recovered, flow through separate client account arrangements, ensuring that our clients’ funds never become ‘stuck’ within panel firms.