Bye-bye Bryan :)

[FlamingParrot]

Looks like someone may be out of a job soon: http://www.credittoday.co.uk/article...ouse-law-firm-

Lowell Group to create in-house law firm

Debt purchaser Lowell Group has secured approval to create an in-house law firm, according to a results update that also shows it made £60m of portfolio purchases between April and June.
Lowell Group has been given approval by the Solicitors Regulation Authority (SRA) to create an alternative business structure, which allows it to set up and run what will be called Lowell Solicitors Ltd.


The law firm will start to operate in the fourth quarter, after a company backed by funds from investment firm Permira completes its acquisition of Lowell from TDR Capital.
In an investor briefing James Cornell, chief executive of Lowell Group, said the new law firm will allow the business to “in-source litigation”, and to undertake a collection process that is appropriate for certain customers and to “extract more net value from portfolios.”

[Nibbler]

Re: Bye-bye Bryan

Not likely to be any better or any more competent though, given Lowells track record.

[FlamingParrot]

Re: Bye-bye Bryan

Not likely to be any better or any more competent though, given Lowells track record.

Of course not, but it's unbelievable that the SRA should allow incompetent idiots who do everything they can to twist the law beyond recognition, to set up an ABS!

[MIKE770]

Re: Bye-bye Bryan

Money talks in all areas of finance, fees - etc etc etc from the top down!

[Nibbler]

Re: Bye-bye Bryan

incompetent idiots who do everything they can to twist the law beyond recognition

Sounds like a lot of lawyers I've met to be honest, the ones on this site excepted of course....

[FlamingParrot]

Re: Bye-bye Bryan

Sounds like a lot of lawyers I've met to be honest, the ones on this site excepted of course....

I was actually referring to Lowell themselves! :lol: :lol: :lol:

...but it would apply to a lot of lawyers as well, of course. Including one (outside the area of consumer credit) who recently got rather badly hammered.

[MIKE770]

Re: Bye-bye Bryan

SRA etc give licences to anybody willing to pay the hefty fee, look at all the regulators who sponsors them money money money, hence the fraud in society, even so called court/justice only if you have money.

one day!!!!