The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
And they’re off. It was inevitable that the first mover in the post ABS-world was going to be an insurance firm and, sure enough, Liverpool PI outfit Silverbeck Rymer has obliged.
The firm has agreed to sell its business to AIM-listed Quindell in a deal worth almost £20m (see story).
Silverbeck Rymer will combine with Quindell - a brand extension company that also provides consultancy, software and outsourcing services - and medical reporting agency Mobile Doctors (which Quindell bought earlier) to create “a joint outsourcing offering to the UK insurance claim market, in particular the area of personal injury”.
Silverbeck Rymer has been strangely, erm, reticent to engage with the press over the past year or two, but in 2005 the firm shared with The Lawyer its strategy to grow aggressively and operate with a director-style model, as opposed to the traditional equity partnership (14 November 2005). As a result, in the 2008-09 financial year it was understood to have turnover of £19.1m and profit per equity partner second only to Slaughter and May, at £1.68m.
Given the above, it seems a no-brainer that the firm would pursue an ABS as soon as humanly possible. But without getting ahead of ourselves (the deal is still subject to SRA approval), the biggest question is: who’s next?