Tag Results
Fairpoint buys Colemans-ctts
Monday, 3 August 2015Fairpoint Group has bought volume personal injury and conveyancing firm Colemans-ctts for £9m, plus a further £7m, linked to performance. The purchase brings Fairpoint’s income from consumer legal services to 62%.
Tags: conveyancing, law firms, personal injury
Posted in Latest news
NAH and seven personal injury law firms launch Ethical Marketing Charter
Monday, 20 July 2015National Accident Helpline (NAH) and seven personal injury law firms, including Irwin Mitchell, are launching an Ethical Marketing Charter today. NAH will administer the scheme and handle complaints about possible breaches.
Tags: marketing, personal injury
Posted in Latest news, Marketing & PR, Practice Management
Personal injury CMCs enjoy sharp rise in income to £310m as market stabilises
Tuesday, 14 July 2015The turnover of personal injury claims management companies (CMCs) bounced back 27% to £310m last year as the market began to “stabilise”, it has emerged. Applications by personal injury CMCs for authorisation from the Ministry of Justice also increased by almost two-thirds.
Tags: claims management companies, CMC, personal injury, referral fees
Posted in Latest news, Regulation
Osborne: CMCs face fundamental review and fees cap
Wednesday, 8 July 2015A “fundamental review” of claims management companies – along with a cap on the fees that they can charge consumers – was announced by Chancellor George Osborne in today’s Summer Budget.
Tags: claims management companies, personal injury, PPI
Posted in Latest news, Other lawyers
Only 4% of CMC complaints relate to personal injury work, LeO reveals
Friday, 5 June 2015Only 4% of complaints about claims management companies (CMCs) received by the Legal Ombudsman (LeO) relate to personal injury work, it has emerged, in the first release of figures since Leo began its new role.
Tags: claims management companies, Legal Ombudsman, personal injury, PPI
Posted in Latest news, Legal Ombudsman, Regulation
Express Solicitors buys 450 personal injury cases in pre-pack deal
Tuesday, 2 June 2015Manchester-based Express Solicitors has bought 450 personal injury cases in pre-pack deal with a Cheshire sole practice. A spokesman for Express said Ashfields was now insolvent.
Tags: Alternative business structures, personal injury
Posted in Alternative business structures, Latest news
Linder Myers heading for profit a year after avoiding administration
Friday, 29 May 2015Manchester-based Linder Myers is heading back into profit little more than a year after escaping administration, its chief executive has said. Tony Stockdale, chairman of consultants Assure Law, helped secure a refinancing deal with RBS in March 2014.
Tags: personal injury
Posted in Latest news, Market monitor
Creating a sustainable PI business model
Thursday, 23 April 2015Over the last few years, those firms wishing to remain in claimant personal injury (PI) have adopted a number of different strategies. Simply by living within their means, a number of smaller firms are adjusting to life post-LASPO by consolidating their activities to one or two particular streams. But the number of firms still prepared to spend excessively on the acquisition of new work, to keep their machines primed, is surprising.
Tags: personal injury
Posted in Blog
First Polish-owned, Polish-speaking ABS targets East European clients
Tuesday, 21 April 2015The first Polish-owned, Polish-speaking alternative business structure opened for business at the start of this month – with the help of a British solicitor. Optimal Solicitors started life as a claims management company before converting.
Tags: ABS, Alternative business structures, claims management companies, personal injury
Posted in Alternative business structures, Latest news, Market monitor
SRA warns firms against misleading marketing as inducements ban kicks in
Tuesday, 14 April 2015The Solicitors Regulation Authority has warned law firms against misleading publicity as the government’s ban on the use of inducements by personal injury solicitors came into force yesterday.
Tags: claims management companies, personal injury, Solicitors Regulation Authority
Posted in Latest news, Marketing & PR, Regulation, Solicitors