23 October 2010

Innovation from British Law Firms

Law firms are not generally known for innovation, particularly in property transaction. The financial crisis and thus increased pressure arising from this has stimulated some law firms to innovate and differentiate themselves from their competition.
A platform designed by TLT Solicitors is a good example, this platform cuts the replication of individual documents on block housing transactions and enables the client to efficiently track the progress of cases. Property Developers can potentially save 60% in legal fees by using the firms sales process online.
Addelshaw Goddard has found a business solution to disputes involving bankers, valuation firms and intermediaries. Addelshaw has offered clients a conditional fee arrangement for cases. The service is called Regain and helps lender-clients recover value lost in the falling property market. The firm finds new opportunities to force professional valuers to make up the difference.
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