NAHL Group PLC Granting of ABS Licence with Lyons Davidson (4955T)
13 October 2017 - 5:00PM
UK Regulatory
TIDMNAH
RNS Number : 4955T
NAHL Group PLC
13 October 2017
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 via FTI Consulting
Russell Atkinson (CEO) Tel: +44 (0) 20
Steve Dolton (CFO) 3727 1000
Investec Bank plc (NOMAD & Tel: +44 (0) 20
Broker) 7597 5970
Garry Levin
James Ireland
David Flin
David Anderson
William Godfrey
FTI Consulting (Financial Tel: +44 (0) 20
PR) 3727 1000
Oliver Winters
Alex Beagley
James Styles
Holly Garner
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
The company news service from the London Stock Exchange
END
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