Box Legal's After The Event Insurance business was created in 2004 by the partnership of Kingsford Stacey Blackwell, the well known Lincoln's Inn law firm (later KSB Law - now DAC Beachcroft LLP). You may have heard of the firm due to its agency department.
In 1999 two of its partners, Daniel Morris and Simon Pinner had set up the specialist Personal Injury Department for Kingsford Stacey Blackwell, described by The Times newspaper as “The Law Office of the Future”. Using the latest technology and new ideas for client care, the department grew from 3 to 80 staff within 24 months.
During 2001, Simon and Daniel turned their eyes to the After The Event Insurance market and analysed the problems besetting the market from the solicitor’s viewpoint. They found the ATE Insurance market to be bogged down by administration and rules imposed by ATE Insurance companies attempting to look over the shoulder of those best placed to assess risk – the solicitors themselves.
In conjunction with the KSB Law partnership, Daniel and Simon developed an After the Event Insurance product for solicitors which an ATE insurer would back and which would allow KSB Law to insure its cases without the hassle of long application forms, file reporting or audits by ATE Insurance companies.
In 2003, Daniel and Simon saw an opportunity to offer ATE Insurance products to other solicitor firms and purchased Box Legal from KSB Law, and by so doing, opened up the After The Event Insurance scheme to other solicitor practices.
Early in 2004, HSBC Bank make a decision to back a major expansion of the scheme which enabled Box Legal to offer its ATE Insurance arrangement services to all Personal Injury firms in the UK. Box Legal underwent a marketing drive and was a little taken by surprise at the response from solicitor practices. It was clear that there was a significant demand for simple After The Event Insurance. The rest as they say, is history.