16th May 2012 11:24
Impact Holdings (UK) plc ("Impact" or "the Company") New Business Initiative
Impact Holdings (UK) plc is pleased to announce, as part of its strategic positioning in providing services to the professional sector, the incorporation of a new cost drafting subsidiary, Impact Costs Limited.
A law costs draftsman is responsible for settling the legal costs of a case. The role of the law costs draftsman centres around a procedure known as the detailed assessment of costs, which is controlled by statute in England and Wales. The three main areas in which law costs draftsmen may become involved are solicitors and client costs, public funded (legal aid) costs and costs payable between parties. They are concerned with costs relating to all areas of the law and deal with every conceivable type of legal matter that touches upon the subject of costs.
Impact Costs Limited will provide a one stop solution for clients with costing needs, in all categories of work, claimant or defendant, public or private. Utilising a combination of well trained and highly efficient personnel supported by effective IT systems Impact Costs Limited intends to offer an unparalleled quality of service to all clients.
Bernard O'Hara is an experienced costs professional with over 10 years industry experience predominantly gained within personal injury and has been recruited to develop and grow this subsidiary which already has five new clients.
The incorporation of Impact Costs Limited is in line with the Board's commitment, as announced in the interim results on 21 December 2011, to diversify the Company's product offering, reduce its reliance on specialty funding and re-align the business to provide various ancillary services to the legal and professional sectors.
Impact continues to look at developing other business arms both by organic growth and by acquisition with the intention of utilising the new Alternative Business Structure regime which allows external ownership of law firms.
For further enquiries:
Impact Holdings (UK) plc Paul Davies, Chief Executive Officer
Tel: 01928 793550
Zeus Capital Limited Tom Rowley
Tel: 0161 831 1512
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