200 jobs lost as Liverpool legal firm collapses

Pure Business Group, a Liverpool firm which handled civil legal claims, has collapsed into administration. Pure comprised two law firms, costs drafting and recovery, litigation funding provision and claims management operations. It also included a division offering claims handling services to the insurance industry as well as a sports management businesses. The insolvency is a drastic turn for the company, which just this past July announced that it had secured a new eight-figure funding line with Sandfield Capital intended to deliver dominant market-share. More from Liverpool Business News.

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In the News

From insult to personal injury – a sector in flux

The demise of two big-hitting personal injury firms (Hampson Hughes and Pure Legal) is a sign that the once buoyant claims sector is in a period of flux, with experts pointing to this year’s whiplash reforms as the catalyst for change. Lenders have also had enough and want to see evidence that mountains of claims will actually result in settlements and profits. Pure Legal’s administration was preceded by legal finance provider Novitas petitioning the court for bankruptcy.

Funder News

PURE Business Group reports eight-figure funding line from Sandfield Capital

PURE Business Group (PURE), a London-based multi-discipline legal services business, has announced a new eight-figure funding line with Sandfield Capital. The agreement is anticipated to deliver dominant market-share in the volume civil litigation space in PURE’s current six case verticals, plus extend them across four new areas of focus.

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