Co-op Legal’s profits dip as they invest in future - FRJ Business & Marketing Solutions

August 2012

Co-op Legal recently announced a dramatic 63% drop in profits for the first half of 2012 after splashing out £700,000 on recruitment and expansion.

CLS said the decrease in profit is ‘in line with expectation and reflects investment for future growth’. At the same time the group revealed it had recorded legal sales of £17.1m, up 18.9% on the same period in 2011.

Fareeda Jaleel, founder of FRJ Business and Marketing Solutions, said: ‘Results like this are yet another example of supermarket and other big retailers making their move into the ABS market.

‘While this may seem like a troubling prospect for law firms, they should not be too daunted. There is money to be made out of this model and, so long as firms keep a close eye on their figures and understand the key tenets of their business they can be sure of a successful future.’

Fareeda Jaleel

Fareeda Jaleel is an energetic strategic business planner with extensive experience in various sectors in B2B and B2C markets. Fareeda’s personal mantra is that the answers always lie in the numbers and achieving an ROI from marketing and business development, whether it is relating to sales targets, creating pipeline or building the profile of the business from an investment perspective.

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FRJ Business and Marketing Solutions offer great value, practical advice to help you achieve your business goals.
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FRJ SolutionsHead Office
FRJ Business and Marketing Solutions offer great value, practical advice to help you achieve your business goals.
OUR LOCATIONWhere to find us?
GET IN TOUCHSocial links
Taking seamless key performance indicators offline to maximise the long tail.