Fairpoint is down 11% today possibly as a result of yesterday's statement by George Osborne about changes to legal procedures for injuries arising from motor accidents. I have been trying to get a handle on what effect this will have on Fairpoint. I haven't got any numbers but can report as follows:
Fairpoint has two divisions being Financial Services & Legal Services.

FINANCIAL SERVICES

6 brands mostly relating to debt management. There appears to be no exposure here motoring and personal injury claims.

LEGAL SERVICES

This is under the brand of Simpson Millar.  They offer a whole range of services including areas like employment law, family law, conveyancing, etc etc. They also list Personal Injury as an area in which they offer a service. 

The impression that I get from all this is that whiplash claims will not be a major area of business for them.    However, it is still possible for the shares to be (incorrectly) marked down by people applying a broad brush approach.

I haven't done much research into this. I just though that I would share with you what I have found. However, if you are considering buying or selling Fairpoint, then you may wish to look into it further.

I hold Fairpoint and currently have no plan to sell it.

Unlock the rest of this article with a 14 day trial

Already have an account?
Login here