Law Firm restructuring and maximising WIP value
Restructuring and insolvency are growing trends in the legal sector. Valuing a law firm’s work in progress (WIP) is as hard as ever and getting any kind of value for the practice or the WIP is virtually impossible, given successor practice and TUPE issues, amongst other challenges.
PI-Solutions stands out as a unique service, and the recipient of glowing testimonials from solvent firms managing their own affairs and numerous insolvency / restructuring experts over the last five years.
Offering a comprehensive service for law firms and insolvency practitioners, PI Solutions can:
- Return 100% of your recovered WIP and paid disbursements
- Transfer all ongoing case files to a panel of specialist law firms within 72 hours taking specific account of the claimant’s needs
- Manage the run-off of cases to conclusion, to maximise client satisfaction and WIP value efficiently
- Independently calculate, negotiate and distribute settlements, disbursement payments and WIP recovered between you and the panel firm based on value
This entire process is paid for using the recovered WIP upon conclusion of the cases, with PI Solutions taking just 15% for their fee.
The exciting news for 2018 is that PI Solutions has responded to demand and can handle all types of law firm projects, rather than just clinical negligence and personal injury; so for multi-disciplinary practises they now provide a real solution.
If you are considering the future of your firm and would like to explore all the options, PI Solutions offer of real alternative.