Lowell Group, the consumer debt recovery services provider, has announced that it is to launch an Alternative Business Structure (ABS) in Leeds.
Lowell Solicitors will be based in the Group’s headquarters in Leeds and led by James Riley, director of legal operations.
Lowell Group is one of the few businesses in its industry which has gained approval from the Solicitors Regulation Authority to operate its own ABS.
Sara de Tute, Lowell’s chief risk officer and legal counsel, said that the launch of the ABS was a huge step forward for the company.
“It will have the same professional and ethical standards as the rest of the Lowell Group and is committed to ensuring customers are treated fairly and achieving fair outcomes,” she said.
“This is yet another milestone within Lowell Group’s remarkable journey of success. As well as the benefits experienced by our customers, Lowell Solicitors will also bring greater operational efficiencies.
“The creation of a law firm within the Group means that issuing legal instructions will be easier and our ability to share more customer insight and data will be strengthened. We will also be able to exert an even higher level of oversight, thereby offering more assurance to our clients and our regulators,” added de Tute.