RECORD NUMBERS FOR INSOLVENCY ADVICE

12 Aug, 2011

FIND-A-SOLICITOR SERVICE NOTE RECORD NUMBER OF CALLS FOR INSOLVENCY-RELATED LEGAL ADVICE 

Record numbers of people and businesses seeking insolvency-related legal advice since the start of the year, according to find-a-solicitor service Contact Law.

Contact Law, which refers legal enquiries to more than 5,000 solicitors throughout the UK, recorded a 72% increase in enquiries relating to insolvency issues between January and July 2011, compared to the same period last year. 

May and June 2011 were Contact Law’s busiest months to date for insolvency related enquiries, with calls and emails from concerned individuals and businesses up 173% and 127% on the corresponding months in 2010. 

In addition to rises in insolvency enquiries, Contact Law also saw a smaller but significant increase in enquiries relating to employment issues, with a 30% rise in enquiries in the year to date, compared to the same period last year. 

Contact Law’s team of legal advisers have fielded more enquiries in 2011 relating to employment issues than any other area of law, with almost a quarter (22%) of all enquiries from people specifically calling to speak to an employment lawyer. 

The majority of the employment enquiries received were from people who had already been dismissed by their employer either unfairly or constructively, or from people who were about to be made redundant. 

The following table shows the percentage increase in enquiries fielded by Contact Law advisers in key legal sectors, not just employment and insolvency, between January and July 2011, compared to the same time period last year. 

 

Sector

 

 

Increase in enquiry numbers (%)

 

 

Insolvency

 

 

72%

 

 

Landlords and tenants

 

 

40%

 

 

Wills

 

 

38%

 

 

Employment

 

 

30%

 

 

Personal injury

nbsp;

 

30%

 

 

Conveyancing

 

 

27%

 

 

Dan Watkins, Director, Contact Law, comments: 

“Insolvency-related legal enquiries is now, by a distance, our fastest growing area, and with the UK and global economic climate worsening and talk of a double dip recession, this is a trend that shows now sign of slowing down. This, coupled with the continuing rise in employment-related enquiries, paints a worrying picture of the state of the UK economy. 

“For business owners or individuals, who find themselves in the position where they have real concerns about finances, are struggling to pay debts, or see a problem paying debts in the future, it’s best to seek advice from an insolvency expert as soon as possible.”

Further information on insolvency issues can be found at http://www.contactlaw.co.uk/insolvency-solicitors.html

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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