Britains Largest Debt Collecting Law Firm To Launch In Spring

Tue, 21 Feb 2012

The planned merger of Bradford-based Drydens Lawyers and Leeds-based Fairfax Solicitors is set to create the UK’s largest legal firm specialising in debt collection and debt litigation .

The £15 million turnover business, which will trade as ‘drydensfairfax’ solicitors from April, will be the biggest of its type in the UK employing 300 staff– 170 from Drydens and 130 from Fairfax.

Drydens executive chairman Philip Holden will become chief executive of the new operation while current Fairfax chief Peter Wordsworth will become director of client management and business development for all ‘drydensfairfax’ clients.

Mr Holden said: "This really is a merger in every sense of the word. Drydens is particularly strong on secured recoveries and Fairfax is focused on unsecured and Government work."

"The new operation combines an excellent debt collection business with an exceptional debt litigation practice. As a regulated law firm with the highest levels of compliance combined with a quality culture and strength in depth, we are in a unique position to take advantage of these factors and grow our business."

Mr Wordsworth commented: "It is clear that at a time when several of our clients are looking to integrate their secured and unsecured recoveries operations and all of them are looking for scalable and highly compliant service providers, the merger makes perfect sense."

"I am very excited about the holistic solution we are now able to offer and am looking forward to working with our clients to maximise the benefits that the merger will bring to them."

The merger between the two specialist debt collection and debt litigation practices is expected to formally be completed by Monday 2 April 2, although re-location of the two firms to Drydens’ purpose-built offices in Bradford won’t take place until later in the year.
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