Legal practice looks to expand

Birmingham-based legal firm, RLK Solicitors, has expanded its team after launching a new division specialising in supporting coronavirus-related claims.

Share

 Share via LinkedIn  Share via Twitter  Share via Facebook  Share via email

Read time: 4 mins      Added: 14/06/2021

RLK Solicitors, which has offices in Edgbaston and Kings Norton, has established a specialist Business Interruption Insurance (BII) team after more than 6,000 customers across the country contacted the business for support during the coronavirus outbreak. A six-figure finance package has enabled the firm to offer support to these clients on a contingency basis, to ensure no further costs are imposed on businesses affected by the pandemic.

After the Supreme Court ruled in January 2021 that insurers were obligated to pay out on claims related to the COVID-19 pandemic, the legal firm is expecting a further uplift in cases in the coming months.

The business has taken on five new employees to meet this growing demand and has a further five vacancies it is looking to fill as it grows its 22-strong team. The funding will also support the refurbishment of the business’ office in Kings Norton, including the installation of a new IT system.

RLK Solicitors, founded in 2003, initially saw a sharp decrease in demand for its services at the beginning of the pandemic but was quickly able to shift its model to focus on providing BII support. It also continues to offer its services in litigation, wills and probate, family and divorce and conveyancing.

Satish Jakhu, director at RLK Solicitors, said: “A number of businesses, including ourselves, have been affected by the events of the past year, but we have been committed to doing what we can to help them. Our specialist Business Interruption Insurance will help even more businesses up and down the country claim the compensation they are entitled to.

“The support we’ve received from Lloyds Bank has been vital during this time. While we could not have face-to-face meetings, somebody was always available to us to speak to and to offer us the guidance and advice we needed. We are looking forward to carrying on our relationship with them as we continue to grow.”

Andrew Woolman, relationship director at Lloyds Bank, said: “RLK Solicitors is an excellent example of a business that’s evolved during the pandemic, demonstrating resilience and an innovative mindset, to adapt to the changing landscape while supporting the wider business community through their efforts.”

You may also be interested in:

Supporting Professional practices

Find out about the tailored support we provide to solicitors.

Client Accounts

If you have a business requirement to hold money on behalf of your clients, we offer client accounts to meet your needs.

Business loans

We can help support you with expanding your practice, professional indemnity insurance or taking on new partners.

Important Legal Information

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.