Solaris Law completes purchase of Equivo Legal Services team

Solaris Law, part of the Azzurro Group, has announced that it has completed the purchase of the Equivo Legal Services division.

The purchase is the final part of a two-stage transaction, which follows the first stage of the transaction last year to purchase Shoosmith’s commercial debt recovery team.

As a result of the deal, Solaris Law will now be one of the largest commercial and consumer specialist collections and legal debt recovery businesses in the UK with a focus on Asset and Motor finance recoveries, Mortgage recoveries, Unsecured lending and commercial and business-to-business debt recovery.

Solaris Law will be structured as two law firms with the new Consumer-focused-firm firm, led by Mel Chell, having both Solicitor Regulation Authority (SRA) and Financial Conduct Authority (FCA) permissions. The Commercial law firm, which will be regulated by the SRA, will continue to be led by Karen Bulgarelli. CEO of Solaris Law.

Karen Bulgarelli. CEO of Solaris Law said, “We are passionate about client service and solving our clients’ problems, which is why we are building Solaris Law to be able to serve all the debt recovery needs of our clients. We are combining cost-effective legal solutions with operational excellence and innovative solutions, underpinned by true sector experts and experienced legal professionals.”

Mel Chell, CEO of Solaris Law (Consumer) said, “We are excited to invest and build a genuine market leader in the debt recovery market. With our experienced team of lawyers and product specialists focused on collections to litigation and beyond, we will focus on building a data-driven, customer and product-focused recovery business that focuses on good customer outcomes and an exemplary client experience.”

Equivo’s Field Team and High Court Enforcement Business will not form part of the new business and will continue to operate under the Equivo brand.