Business
Granting of ABS Licence with Lyons Davidson
Granting of ABS Licence with Lyons Davidson.
About this update from Nahl Group Plc
[{"type":"text","content":"\n \nRNS Number : 4955T NAHL Group PLC 13 October 2017 \n\n13 October 2017\nNAHL Group PLC\n(\"NAHL\" or the \"Group\")\n \nGranting of ABS Licence with Lyons Davidson \nNAHL, 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.\nAs 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. \nThe 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.\nRussell Atkinson, CEO of NAHL, commented:\n\"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. \n\"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.\" \nFor further information please call:\n\n\n\n\nNAHL Group PLC\nRussell Atkinson (CEO)\nSteve Dolton (CFO)\n \n\n\nvia FTI Consulting\nTel: +44 (0) 20 3727 1000\n\n\n\n\nInvestec Bank plc (NOMAD & Broker)\nGarry Levin\nJames Ireland\nDavid Flin\nDavid Anderson\nWilliam Godfrey\n \n\n\nTel: +44 (0) 20 7597 5970\n\n\n\n\nFTI Consulting (Financial PR)\nOliver Winters\nAlex Beagley\nJames Styles\nHolly Garner\n\n\nTel: +44 (0) 20 3727 1000\n\n\n\n\nNo...