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Cabot Credit Management Announces Acquisition of Litigation Law Firm PDF Print E-mail
Thursday, 02 July 2015

Cabot Credit Management (CCM), the leading acquirer and manager of consumer debt, has announced that it has completed its acquisition of Mortimer Clarke Solicitors, following the grant of alternative business structure (ABS) status to the law firm by the Solicitors Regulation Authority. 

This means that Mortimer Clarke Solicitors, a law firm specialising in consumer credit debt recovery litigation, is now part of CCM.   

Ken Stannard, CEO, Cabot Credit Management, said: "The acquisition of a law firm marks an important step in CCM's remarkable growth trajectory.  This is a significant addition for us because it allows CCM to provide an end-to-end credit management lifecycle.  Our customers will be able to have the confidence that there is one single customer journey aligned with our ethical values and focus on fair customer outcomes."

CCM will continue to use its careful decision making processes to litigate only as a last resort.  This development provides CCM with a unique operating model and strengthens its position as a market leader in the field of consumer debt management.
Sandra Bayne, Director and Compliance Officer for Legal Practice for Mortimer Clarke, commented: "This is an exciting opportunity for Mortimer Clarke, as it will enable us to benefit from Cabot's immense skill and expertise.  The investment will help us to develop further our operational efficiencies and to continue to provide a high quality litigation service to our clients, whilst ensuring we maintain our focus on excellent regulatory compliance."

Mortimer Clarke Solicitors is now a member of the CCM group. It will continue to operate from its current location in Worthing, West Sussex, under its existing brand.

(Source - CCM Press Release)


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