Paragon Costs Solutions
Paragon Costs Solutions is a Bristol- and London-based specialist legal costs practice, operating as a trading style of Thrings LLP, that delivers costs management, detailed assessment, and dispute resolution services to UK law firms, insurers, local authorities, and banks.
- Company typePrivate
- Founded2011
- HeadquartersBristol, United Kingdom
- Headcount—
- GTM typeB2B
- OfferingServices
What Paragon Costs Solutions does
Paragon Costs Solutions is a specialist UK legal costs practice founded in 2011 by Nicholas Lee and operating as a trading style of Thrings LLP, a limited liability partnership authorised and regulated by the Solicitors Regulation Authority. The firm provides a focused suite of legal costs services, including Costs Management, Detailed and Provisional Assessment, Summary Assessment, Dispute Resolution, and Consultancy, delivered across practice areas spanning Personal Injury and Clinical Negligence, Advocacy, Court of Protection, Banking and Finance, Private Client Litigation, Insurance Litigation, Commercial Litigation, and Professional Negligence. The team is composed of qualified Costs Lawyers with right of audience under the Legal Services Act 2007, supported by the in-house Paragon Training Academy that develops new practitioners.
The firm's client base is exclusively B2B within the UK legal sector, comprising Top 100 and regional law firms, local authorities, insurers, and international banks. Distribution is direct and referral-led: clients engage through the Bristol headquarters and London (Chancery Lane) offices, supplemented by phone, email, and online enquiry channels. Marketing relies on the firm's website, blog, LinkedIn presence, industry event sponsorships, email marketing, and a strong professional referral network evidenced by partner testimonials from firms including BPE Solicitors, VWV, TLT, Shakespeare Martineau, and ARAG. The firm offers a Service Level Guarantee under which fees can be reduced by up to 20% if service standards are not met.
Commercially, Paragon is a fee-for-service professional services firm with no disclosed pricing, no external funding, no proprietary technology, and no disclosed revenue. It maintains professional indemnity insurance with QBE Insurance (Europe) Ltd and operates with approximately seven employees across two physical offices. Growth to date has been organic, driven by practice-area expansion, recent staff appointments, the launch of the Training Academy, and the addition of the London office alongside the original Bristol base.
Paragon Costs Solutions firmographics
Firmographics- Name
- Paragon Costs Solutions
- Legal name
- Thrings LLP
- Website
- https://paragoncosts.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Short description
- Paragon Costs Solutions is a Bristol- and London-based specialist legal costs practice, operating as a trading style of Thrings LLP, that delivers costs management, detailed assessment, and dispute resolution services to UK law firms, insurers, local authorities, and banks.
- Ownership category
- akta.pro rank
Paragon Costs Solutions industry classification
Industry- Product category
- Legal Cost Services
- NAICS
- Legal Services (5411)
- SIC
- Services-Legal Services (8111)
- akta.pro primary industry
- Economic Damages & Lost Profits Analysis (BPAHANAI)
Keywords
Where Paragon Costs Solutions is headquartered
LocationHeadquarters
- HQ city
- Bristol
- HQ country
- United Kingdom
- HQ region
- Europe
Offices4 records
Markets served
Paragon Costs Solutions business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Legal Costs Services: Paragon Costs Solutions provides specialist legal costs services to law firms and other legal entities, likely on a fee-for-service basis. The firm offers costs management, detailed assessment, summary assessment, dispute resolution, and consultancy services.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Paragon Costs Solutions product offering
Product offeringCore offering
Paragon Costs Solutions is a specialist legal costs practice operating as a trading style of Thrings LLP. The firm provides expert legal costs services including Costs Management, Detailed and Provisional Assessment, Summary Assessment, Dispute Resolution, and Consultancy to law firms (including Top 100 firms), local authorities, insurers, and international banks across practice areas such as Personal Injury, Clinical Negligence, Court of Protection, Banking & Finance, and Commercial Litigation.
Product overview
Paragon Costs Solutions is a specialist legal costs practice operating as a trading style of Thrings LLP. The firm offers a comprehensive suite of legal costs services including Costs Management, Detailed and Provisional Assessment, Summary Assessment, Dispute Resolution, and Consultancy. Services are delivered across multiple practice areas: Personal Injury & Clinical Negligence, Advocacy, Court of Protection, Banking & Finance, Private Client Litigation, Insurance Litigation, Commercial Litigation, and Professional Negligence. The firm also operates a Training Academy for developing new Costs Lawyers. The company operates offices in Bristol and London.
Differentiator
Problem solved
Functional benefit
Products and services
- Costs Management
- Detailed and Provisional Assessment
- Summary Assessment
- Dispute Resolution
- Consultancy
Quantifiable outcome
- Recovered £433k out of £473k claimed including interest and assessment costs in brain damage drowning case
- +3 more outcomes
Companies that use Paragon Costs Solutions
Customer profileNamed customers10 records
Segments8 records
Ideal customer profiles4 records
Paragon Costs Solutions technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Paragon Costs Solutions partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights5 records
Paragon Costs Solutions competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key highlights7 records
Customer concentration
Paragon Costs Solutions social profiles
Digital presenceParagon Costs Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Paragon Costs Solutions leadership team
Management profileNumber of profiles
Profiles6 records
Paragon Costs Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Paragon Costs Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Paragon Costs Solutions
What does Paragon Costs Solutions do?
Paragon Costs Solutions is a specialist legal costs practice operating as a trading style of Thrings LLP. The firm provides expert legal costs services including Costs Management, Detailed and Provisional Assessment, Summary Assessment, Dispute Resolution, and Consultancy to law firms (including Top 100 firms), local authorities, insurers, and international banks across practice areas such as Personal Injury, Clinical Negligence, Court of Protection, Banking & Finance, and Commercial Litigation.
Is Paragon Costs Solutions a public or private company?
Paragon Costs Solutions is a private company. It is classified as management employee owned and is currently operating.
When was Paragon Costs Solutions founded?
Paragon Costs Solutions was founded in 2011.
Where is Paragon Costs Solutions based?
Paragon Costs Solutions is headquartered in Bristol, United Kingdom, in the Europe region.
How does Paragon Costs Solutions make money?
One revenue line is on record: legal Costs Services.
Does Paragon Costs Solutions have an API?
No public API is recorded for Paragon Costs Solutions.
What industry is Paragon Costs Solutions in?
Paragon Costs Solutions's product category is Legal Cost Services. Its primary akta.pro industry code is BPAHANAI, Economic Damages & Lost Profits Analysis. Its NAICS code is 5411 and its SIC code is 8111.