Irwin Mitchell has lost its prestigious referral arrangement with LV Insurance, with a stack of work passing to Lyons Davidson as a result.
The firm currently provides a legal advice helpline for members of the public who take out insurance policies with LV. Which has apparently been a cracking money spinner. It seems to work a bit like this:
"Someone went into the back of my car. I want compensation."
"Have you been injured?"
"Err, yes. Whiplash. Definitely whiplash."
"Brilliant. We'll send you a letter of engagement today."
But the gravy train has now clattered to a halt. While IM refused to comment, LV confirmed that "we do actually still work with Irwin Mitchell on recoveries however we decided to move to one main legal expenses provider (Lyons Davidson)". Although sadly the windfall for Lyons Davidson hasn't been sufficiently lavish to prevent 80 redundancies...
The news follows the announcement that IM is losing six partners and 24 other solicitors, paralegals and support staff to the Manchester office of TLT. The group includes specialists in corporate, employment, litigation and real estate and should be in its new home by Christmas.
The news comes at the end of a tough 2013 for IM. The firm took RollOnFriday's Firm of the Year Golden Turd, shut down its office in Spain, failed to pull off a merger with LG and suffered the indignity of a dog crapping in its office. Although despite all that it managed to edge its profits up by 3% so something must have gone right somewhere.
Tip Off ROF
The firm currently provides a legal advice helpline for members of the public who take out insurance policies with LV. Which has apparently been a cracking money spinner. It seems to work a bit like this:
"Someone went into the back of my car. I want compensation."
"Have you been injured?"
"Err, yes. Whiplash. Definitely whiplash."
"Brilliant. We'll send you a letter of engagement today."
But the gravy train has now clattered to a halt. While IM refused to comment, LV confirmed that "we do actually still work with Irwin Mitchell on recoveries however we decided to move to one main legal expenses provider (Lyons Davidson)". Although sadly the windfall for Lyons Davidson hasn't been sufficiently lavish to prevent 80 redundancies...
The news follows the announcement that IM is losing six partners and 24 other solicitors, paralegals and support staff to the Manchester office of TLT. The group includes specialists in corporate, employment, litigation and real estate and should be in its new home by Christmas.
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Some rodents fleeing a ship with buoyancy issues yesterday |
The news comes at the end of a tough 2013 for IM. The firm took RollOnFriday's Firm of the Year Golden Turd, shut down its office in Spain, failed to pull off a merger with LG and suffered the indignity of a dog crapping in its office. Although despite all that it managed to edge its profits up by 3% so something must have gone right somewhere.
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"Fog in Channel - continent cut off"
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