Co-Op Legal Services unlikely to come to Newry Solicitors Market

Co-operative Legal Services posted an underlying operating loss of £9.1m on a flat turnover of £33m in 2013, the Co-operative Group’s results reveal today.

The legal subsidiary also said it had taken a £13m ‘goodwill impairment’ following a reassessment of its business plan which ‘assumed a slower growth rate than previously applied’. The operating loss including the impairment of £22m compares with a deficit of £2m in the previous year.

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The firm aims to give its clients the benefit of long experience, which is considerable bearing in mind the fact that all of the partners have been in practice in Northern Ireland for over twenty or more years.