Clearwater International advises on commercial agreement with CS2 Lawyers and sale of the CS2 Group of legal services companies to Helphire Group plc.
Helphire Group plc, in line with its legal services and claims management growth strategy has announced that it has entered into a commercial agreement with CS2 Lawyers Limited and has acquired the CS2 Group of legal services businesses.
Helphire has entered into a long-term commercial arrangement with CS2 Lawyers Limited, which manages uninsured loss recovery (ULR) legal cases, and has acquired the CS2 Group of companies, comprising Fleet Legal Limited, a vehicle fleet accident manager, E-Claim Limited, a provider of legal expenses insurance and Medirep Marketing Limited, a medico-legal reporting agency. Helphire’s total investment in these new operations is £10.7 million (£10 million net of cash balances).
The CS2 Group is based in Chesterfield, Derbyshire and has over 200 employees. CS2 Lawyers handled over 10,000 Uninsured Loss Recovery (ULR) motor claims last year. Fleet Legal Limited provided accident management services to over 60,000 vehicles. E-Claim provides before-the-event legal expense insurance policies to a policyholder base in excess of 100,000. Medirep is an in-house medical reporting agency which arranges reports for injured victims of accidents whose claims are being handled by CS2 Lawyers Limited.