Carole Nash, the Motorbike insurance specialists, have teamed up with New Law to create a joint venture that will offer personal injury and uninsured loss recovery advice but says it has longer-term plans. They are hoping to offer a broader range of legal services. New Law is one of the biggest brokers of motorcycle in the UK.
This new venture was approved by the SRA (Solicitors Regulation Authority). Of course there are some conditions: no third party claims work is outsourced. Carole Nash selected NewLaw following a 12 month tender process. The two firms have worked together before so they know what to expect from one another and already have experience in knowing how well they can work together.
Carole Nash have still asked to have a different branding and logo for their legal services so that it can be recognised as an entity of its own and can be identified as a separate business.
NewLaw was founded in 2004 and employs more than 360 people over its four offices. They already have a five year tie-in with insurance firm Ageas who also provide injury claims and motor accidents, proving once again their wide range of experience.
Carole Nash has said the majority of their accident claims are non-fault and a lot of them require the recovery of uninsured losses and compensation. The dedication of legal services was spurred by this particular issues. David Newman (the Carole Nash chief executive) and Helen Molyneux (NewLaw chief executive) will be taking on the role of CEO amongst financial director Clive Roberts and NewLaw director Philip Dicken.