Transport company Eddie Stobart lorries has launched a legal service that promises to connect businesses to barristers without having to go through a solicitor.
Stobart Barristers, the new service formed by the Stobart Group, has said it can cut the cost of barristers’ services by charging clients a fixed fee and using paralegals instead of solicitors to help prepare a case.
The service, which will refer individuals or businesses to barristers for a proportion of the upfront fee, was first formed four years ago when Stobart Group legal director Trevor Howarth decided the company should go directly to the bar.
Howarth said: “People want to know from the outset what a service is going to cost, but most who go to a solicitors don’t have a clue. We saw substantial reductions in our legal spend by going directly to barristers as well as the opportunities from alternative business structures [ABS] - everyone’s been looking at solicitors but nobody’s looked at the bar.”
Recent entrants to the ABS market have included Insurance firm Parabis, which agreed a £50m funding deal with private equity house Duke Street in January (6 February 2012).