Granting of ABS Licence with Lyons Davidson
13 October 2017
NAHL Group PLC
("NAHL" or the "Group")
Granting of ABS Licence with Lyons Davidson
NAHL, the leading UK consumer marketing business focused on the UK legal services market, is pleased to announce that it has established its second Alternative Business Structure (ABS), this time in partnership with Lyons Davidson, a full-service legal practice operating throughout the UK. The ABS will trade under the name National Law Partners and it is expected to commence in November 2017.
As part of NAHL's strategy to advance its business model in light of the Personal Injury reforms announced by the UK Government, earlier this year the Group launched its first ABS with NewLaw, a wholly owned subsidiary of Redde plc. As announced at the Group's Interim Results on 19 September 2017 the initial signs are encouraging.
The establishment of National Law Partners marks a continuation of the Group's strategy to grow its share of the Personal Injury market, and follows the recent relaunch of the NAH brand. The new ABS will initially create 35 new jobs in Kettering and Cardiff.
Russell Atkinson, CEO of NAHL, commented:
"We are pleased to have signed our second ABS, which we have been working hard to deliver over recent months with Lyons Davidson. This move represents another positive step in evolving our Personal Injury business as we prepare for the reforms outlined by the Government.
"To have established two ABS' with such excellent partners in a short space of time demonstrates the strengths of the Group and positions us well going forward. Both ABS' will enable us to grow our share of the PI market and to provide trusted legal advice to consumers, whilst continuing to provide high quality marketing services to our Panel Law Firm partners, who remain at the core of our growth strategy."
For further information please call:
|
NAHL Group PLC Russell Atkinson (CEO) Steve Dolton (CFO)
|
via FTI Consulting Tel: +44 (0) 20 3727 1000 |
|
Investec Bank plc (NOMAD & Broker) Garry Levin James Ireland David Flin David Anderson William Godfrey
|
Tel: +44 (0) 20 7597 5970 |
|
FTI Consulting (Financial PR) Oliver Winters Alex Beagley James Styles Holly Garner |
Tel: +44 (0) 20 3727 1000 |
Notes to Editors
NAHL Group
NAHL Group plc is a leading UK consumer marketing business focused on the UK legal services market. The Group comprises three companies: National Accident Helpline (NAH), Fitzalan Partners (Fitzalan) and Bush & Company Rehabilitation (Bush). NAH provides outsourced marketing services in the personal injury market, Fitzalan, which includes Searches UK a leading conveyancing search provider, provides marketing services in the property market and Bush provides a range of specialist services in the catastrophic injury market.
More information is available at www.nahlgroupplc.co.uk and www.national-accident-helpline.co.uk.
This information is provided by RNS
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