Law firm sold in pre-pack deal
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DBS Law, which has offices in Birmingham and Nottingham and a major nationwide personal injury brand in Claim Today Solicitors, has been taken over by PKA Legal after completing a pre-pack administration handled by Insolvency firm KSA Group.
The firm, which last year entered into a Company Voluntary Arrangement (CVA) decided, with the advice of KSA Group, to enter into administration. The new personal injury claim reforms created an increasingly difficult financial situation with a drop in both the number and value of claims in the personal injury department, which made up the lion’s share of the firm’s work.
PKA Legal, headed by Parveen Attri, says it plans to keep continuity with the established brand names of DBS Law and Claim Today Solicitors, retaining the staff and brands, while also pushing forward other personal law products such as family law and residential property.
Attri said: “It was unfortunate to see a name like DBS Law Limited, and Claim Today Solicitors in particular, in a situation whereby this was the best outcome. The name is synonymous in many communities in providing excellent customer focussed service to some of the nation’s least represented in the legal field.”
“I’m looking forward to leading the business back to greener pastures, whilst retaining the company’s culture and values of customer service, community values, and innovative service development. We have a strong approach and a fresh lease of life to tackle the issues we face with renewed vigour.”