Co-operative Legal Services (CLS) has made an operating loss of £22m for 2013 and unveiled a flat turnover, blaming a slower than expected growth rate for the period and factors including a hit to its personal injury business stemming from the Jackson Reforms.
Revenue at 560-employee CLS, which operates from three sites, came in flat at £33m, the Co-operative Group announced in its annual report today (17 April), as it also highlighted plans for CLS to work more closely with other limbs of its diverse business.
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