FINANCIAL & LEGAL
From Strength TO STRENGTH “Frenkel Topping’s growth plans will always have clients at their core” says CEO, Richard Fraser
provide a Major Trauma Signposting Partnership (MTSP) support service. It is the sole commercial organisation operating in the space and has a five-year track record of contracts with the NHS, with a 100% contract renewal rate. Cardinal is also in high demand from PI legal providers t’s been a challenging two seeking quality multi-track cases and provides a clear years for all of us, but as we opportunity to expand the Major Trauma Signposting move ahead into 2022 we Partnership into additional Major Trauma Centres. finally seem to have cause for Through its core business, Frenkel Topping Limited, optimism that the worst of Covid the group supports litigators pre-settlement in achieving is behind us. Restrictions are the right level of damages by providing expert witness lifted, hospitalisations are falling, services, and post-settlement to achieve the best longRichard Fraser and the world of work is finally term financial outcomes for clients after injury. This returning to normal. acquisition of Cardinal provides a clear and direct link to That’s not to say that Frenkel Topping Group has claimants, and their professional representatives, at the been idle during the months of uncertainty, however. earliest stage possible after injury or illness, introducing In 2020, the group raised a £13m war chest with the the portfolio of Frenkel Topping Group services in a intention of embarking on an ambitious strategy relevant and timely way to clients in the PI and CN of mergers and acquisitions that would allow us to litigation space as well as claimants themselves. strengthen and consolidate our position as the market At each of the MTSP sites, Cardinal has selected a legal leader for providing financial advice and asset protection panel which comprises of firms who are able to provide services to clients at times of financial vulnerability, with the highest quality of care and service to patients at each particular expertise in the field of personal injury and site, providing opportunity for Frenkel Topping Group clinical negligence. We have continued with that mission, to further strengthen its relationships with PI and CN pandemic or no pandemic. departments within law firms The strategy has seen nationally. We know from the strong and us strengthen the group Bidwell Henderson, long-standing relationships we with a number of notable meanwhile, is a leading legal acquisitions, each of which costs consultancy, based in have with our clients that their enables us to apply our Derbyshire and Newcastleindependence and ability to engage principles of trust, care, upon-Tyne. Over the last 7 with individuals and firms that are compassion and reliable years it has built a leading legal expertise to more points in aid costs agency in England best suited to a case or a client, are the vertical supply chain. and Wales. It holds a marketparamount. Most recent among these leading position in drafting the are the 2021 acquisitions high-cost case plans which are of Cardinal Management Limited (Cardinal), and Bidwell required when significant costs are involved in largeHenderson Costs Consultants Ltd (Bidwell Henderson). scale and complex legal cases. Bidwell Henderson covers These latest additions to the group join fellow 2021 specific areas of law such as complex public and private acquisitions Partners in Cost (PIC) and A&M Bacon, as well family, housing, judicial review, Court of Protection, as the previous addition of Forths Forensic Accountants abuse and clinical negligence cases. In addition, Bidwell and the creation of Keystone Case Management. Together Henderson challenges the traditional legal aid costs firm they add even further to Frenkel Topping Group’s ability model and has built its success on developing ancillary to provide first-rate client services at every stage of this services in legal aid processing, legal cashiering and costs often complex field, from pre-litigation right through to training. the long-term management of settlements and support in As a result, Bidwell Henderson is highly integrated specialist care. into law firms’ back-office systems. So, while litigation is Cardinal works in close partnership with a number of transactional, the business model deployed by Bidwell key NHS Major Trauma Centres (MTCs) nationwide to Henderson means the nature of the revenues are of a
I
1 32
202 2 /23
sevenstarmedia.co.uk
