30 January 2014Print This Post

Neil Hudgell picks up two more WIP books as firms exit PI

Hudgell: further establish our presence in the south

Leading WIP buyer Neil Hudgell Solicitors has completed two more deals for work with a total valuation of more than £1m.

It is taking the clinical negligence book from northern home counties firm Pictons, and the personal injury department of Buckinghamshire and Berkshire practice Gordons Solicitors.

All the cases will be handled by Neil Hudgell’s London office, which was opened after it bought the WIP of Harris Cartier, which closed last October after failing to find professional indemnity insurance. Gordons’ head of personal injury, Sally Fromont, is moving over.

The firm, which opened in 1997, now employs over 110 staff in Hull, London and Leeds.

Managing director Neil Hudgell said: “These latest acquisitions enable us to establish further our presence in the south of the country where we are rapidly expanding our business and taking on new clients.”

Both Pictons and Gordons said they had decided to review their businesses in light of last April’s Jackson reforms.

Sukh Saini, Pictons’ managing partner, said: “We are experiencing excellent growth in our commercial department and all of the other areas of the law in which we specialise.

“Although our clinical negligence department was very successful, the length of time that a case can take meant that we had to review whether we should continue to invest in this area of the law or focus our expertise on the other areas.”

Keith Gordon, managing partner of Gordons, said: “Our personal injury department, while making a real contribution to our turnover and profit, has always been marginal in the context of the corporate commercial and litigation work we carry out at Marlow. At Maidenhead we are one of the largest providers of commoditised remortgaging and conveyancing services in the country.

“Following a strategic review and the advent of the Jackson reforms, we felt that our resources should be concentrated around our core strengths and accordingly we are delighted that an agreement was reached with Neil Hudgell Solicitors.

Neil Hudgell Solicitors has been on the hunt for WIP books since launching the ‘We buy any files’ website in 2011. Including these latest acquisitions, the firm has completed 23 deals totalling over £5m.

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