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: International and UK LawHow The Times broke the story of Beresfords - the millionaire solicitors
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The senior partners in a firm of South Yorkshire solicitors have been paid
almost £30 million for settling thousands of compensation claims on behalf
of dead or sick miners.
Until late 2003, Beresfords? head office was to be found among a shabby line
of redbrick terraced buildings on tired and dust-stained Balby Road in
Doncaster. Near-neighbours on the street included a Chinese takeaway and
Lorraine?s Café.
The premises are now boarded up and for sale. Beresfords no longer needs them
because in November 2003 the firm moved into a luxurious £4.8 million
lakeside development at Quay Point in Doncaster.
An ocean of shimmering glass fronts the new 38,000sq ft office, big enough to
house the 200 employees who, the solicitors? website announced in 2003,
would be housed together for the first time since the rapid growth of the
firm.
When the firm?s three partners ? Jim Beresford, 55, his daughter Esta, 27, and
Doug Smith, 48 ? gaze from their ?magnificent boardroom overlooking the
lake?, they may well reflect on the wisdom of recognising the potential for
expansion and glittering profits via the coal health compensation schemes.
To date, Beresfords ? which in 2004 was describing itself as ?a unique law
firm . . . dealing with industrial disease and personal injury claims only?
? has registered 80,474 chest disease claims on behalf of miners and their
families, more than any other solicitors? practice in the country.
Only 15,713 ? less than 20 per cent ? of those claims have so far been
settled, yet the Department of Trade and Industry has already paid
Beresfords a total of £27.2 million in legal costs.
If all the remaining cases were successfully settled on the same basis, the
firm potentially could receive a further £100 million from the public purse.
Beresfords has enjoyed a close working relationship with the Union of
Democratic Mineworkers and Vendside, the claims-handling company owned by
the union, which chose to pass on several thousand of its cases to be dealt
with by the Doncaster solicitors.
And as the three leading individuals at the UDM have flourished financially,
so have their friends at Beresfords. The profits allocated to Mr Beresford
in 2002 and 2003, the most recent year for which his limited liability
partnership has returned a financial statement, totalled £1.4 million.
Meanwhile, Mr Smith has been busy spending his money. In November 2003 he sold
his modern, red-brick house at Tickhill, near Doncaster, for £340,000.
Three months earlier he had spent £840,000 to buy Noblethorpe Hall, a Grade
II-listed Victorian country property with seven bedrooms, four reception
rooms, grand hall, scullery, butler?s pantry and cellars, set in 18 acres of
parkland, including a ha-ha and folly.
In the past few weeks Mr Smith has also spent more than £200,000 on two cars,
an Aston Martin DB9 and a Bentley Arnage.Full post as published by International and UK Law on December 11, 2008 (boomark / email).
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