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  1. Wealth
February 5, 2013

First legal brokerage in London launched by Oracle

By Spear's

Oracle Capital Group has formed Oracle Legal Case Management (Oracle LCM), a joint venture with Dr Yuri Rapoport, to manage clients’ legal requirements and get the best out of their lawyers. This is the first legal brokerage service in London

Oracle Capital Group has formed Oracle Legal Case Management (Oracle LCM), a joint venture with Dr Yuri Rapoport, to manage clients’ legal requirements and get the best out of their lawyers. This is the first legal brokerage service in London.

Oracle LCM is based in London and is initially offering its services to private clients from Eastern Europe. Its staff are fluent English and Russian legal experts. Dr Rapoport, Executive Director of Oracle LCM, is the founding father of legal brokerage services having established the first firm of its type in Australia more than 15 years ago. His company, Prime Law Brokers (Australia), has allocated well over 500,000 clients to suitable lawyers and remains the leader in its field to date.

Dr Rapoport believes that too many wealthy Eastern Europeans émigrés have fallen into the hands of lawyers in London who are not experts in their field and operate inefficiently and at excessive costs. Following 5-years researching the track records of British lawyers, he has developed a directory of the best practitioners in their field to whom Oracle LCM are referring their clients.

Clients engage Oracle LCM to procure and manage, on their behalf, the required specialist legal services. Most importantly, the joint venture offers an ironclad guarantee of quality and efficiency of services and advice, or Oracle LCM foots the client’s legal bill itself.

There have recently been some cases of malpractice in the legal profession to which Russian clients have fallen victim. Most notable perhaps is the case of Shahrokh Mireskandari, a fraudster who pretended to be a highflying lawyer. The case highlights how one man duped England’s well-respected regulators and top politicians, as well as the police, while abusing the trust of unsuspecting high net worth clients.

Dr. Rapoport, Executive Director of Oracle LCM, said:

“Some lawyers take on cases in areas where their experience is lacking, making up for their shortcomings in long, billable research sessions. The large numbers of Eastern European immigrants, who bring with them considerable wealth but a slim understanding of the English language and legal system, are particularly vulnerable and law firms, especially in London, are increasingly targeting them.

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“In short, Oracle LCM provides lawyers to manage the lawyers. We have launched the initiative in London and Moscow with a view to shortly roll out our offer in other key markets.”

Yury Gantman, CEO of Oracle Capital Group, added:

“Our own experience tells us that our clients from Eastern Europe depend on this kind of legal support. Oracle Capital Group is a safety net for wealthy Eastern Europeans doing business in London. Our job is to provide bespoke, world-class services to our clients. Our move into legal management services, therefore, is a very natural progression. We are very much looking forward to working with Dr. Rapoport who will be bringing his extensive knowledge and experience to this joint venture.”

Ashley King-Christopher, Partner at Speechly Bircham LLP, agreed:

“The disconnect between reality and expectation can be famously wide in legal services, particularly when dealing with clients from overseas who are unfamiliar with the English legal system. A professional intermediary who can smooth that path is very welcome. Oracle Legal Case Management is a new concept: like most good ideas, it’s simple yet effective. Anything that promotes a raising of standards in the legal world must ultimately be a benefit to all of us.”

Management of legal cases by third parties is an emerging practice and Oracle LCM has the ability to transform the delivery of legal services over the next decade.

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