Eversheds is investing £500,000 in a new IT system designed to keep its debt recovery operation ahead of its competitors'.
The firm is spending the sum on a brand-new software package for the 150 members of its Leeds-based unsecured recoveries group. The team carries out volume debt recovery work for clients.
Ian Torkington, Eversheds unsecured recoveries finance and risk manager, said: "We've recognised that the platform does need upgrading to keep us ahead of the marketplace and to provide our clients with a cutting-edge service."
The investment is coming out of the firm's central capital expenditure account for IT and accounts for the DebtimeSQL software, its implementation and hardware upgrades.
Torkington said the upgrade begins at the end of the month (October).