Tag Results
Solicitors join forces to purchase more legal practices, WIP books and cases
Wednesday, 25 September 2013Neil Hudgell Solicitors, the law firm which two years ago launched the website ‘Webuyanyfiles’ targeted at personal injury firms looking to exit the market, has formed a joint venture with national practice Simpson Millar to expand the offering.
Tags: personal injury
Posted in Latest news, Market monitor
Consumers given option to turn to Your Legal Friend
Wednesday, 25 September 2013Liverpool law firm Camps has launched a new consumer brand – Your Legal Friend – as part of its “multi-channel” response to the personal injury market. It said the launch follows research to ensure the brand reflects both what the company stands for and delivers what its customers most value.
Tags: personal injury
Posted in Latest news, Market monitor, Marketing & PR
SRA refuses to licence ABSs aiming to circumvent referral fee ban
Friday, 13 September 2013The Solicitors Regulation Authority has rejected potential alternative business structures on the basis that the aim was really to continue illegal referral fee arrangements, it emerged this week.
Tags: claims management companies, claims management regulator, personal injury, referral fee ban, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
NAH teams up with top insurer as PI firm unveils trio of ABSs
Thursday, 12 September 2013Minster Law – the major claimant practice now owned by insurance group BGL – has joined top personal injury marketing business National Accident Helpline (NAH), becoming its largest panel member.
Tags: Alternative business structures, personal injury
Posted in Alternative business structures, Latest news, Market monitor
Private equity pair take majority stake in leading PI firm
Tuesday, 3 September 2013Winn Solicitors – which has grown in a decade from nothing to a highly profitable £40m volume claimant personal injury firm – is set for further expansion after being bought by two international investment companies.
Tags: external investment, personal injury, private equity
Posted in Alternative business structures, Latest news, Market monitor
Admiral takes £15m referral fee hit
Friday, 30 August 2013The ban on referral fees in personal injury is set to cost Admiral Insurance around £15m this year, it emerged yesterday. The insurer also said its two new ABS joint ventures are “not expected to make a material contribution to group profits in the foreseeable future”.
Tags: ABS, Alternative business structures, personal injury, referral fee ban
Posted in Latest news, Market monitor
Call for ‘intervention lite’ to turn around distressed firms and halt asset-stripping
Monday, 5 August 2013The Solicitors Regulation Authority needs to establish a new expert panel that would be called in to help avoid formal intervention into failing law firms – dubbed ‘intervention lite’ – a specialist solicitor has claimed.
Tags: intervention, personal injury, Solicitors Regulation Authority
Posted in Latest news, Solicitors
IT-driven and partners who manage full-time: is new ABS the model PI firm of the future?
Thursday, 1 August 2013Liverpool-based SGI Legal has set its sights on reshaping the way personal injury law firms operate having received its alternative business structure licence from the Solicitors Regulation Authority.
Tags: ABS, Alternative business structures, personal injury
Posted in Alternative business structures, Latest news, Market monitor
Revealed: Legal Ombudsman puts 10% of staff at risk of redundancy
Thursday, 25 July 2013The Legal Ombudsman has put around 10% of its staff at risk of redundancy as it undertakes a restructuring brought about by receiving fewer complaints than expected. It has been exacerbated by difficulties in transferring over the handling of complaints about CMCs.
Tags: claims management companies, CMC, Legal Ombudsman, Legal Services Board, LeO, personal injury
Posted in Latest news, Legal Ombudsman, Legal Services Board
CMCs’ turnover tops £1bn as referral fee ban prompts mass exodus from personal injury
Tuesday, 23 July 2013The turnover of claims management companies spiralled 31% last year to top £1bn, with the turnover for the financial claims sector exceeding that of personal injury companies for the first time, Ministry of Justice figures have shown.
Tags: claims management companies, CMC, personal injury, PPI
Posted in Latest news, Other lawyers
Blog
Five key issues to consider when adopting an AI-based legal tech
As generative AI starts to play a bigger role in our working lives, there are some key issues that your law firm needs to consider when adopting an AI-based legal tech.
Bulk litigation – not always working in consumers interests
For consumers to get the benefit, bulk litigation needs to be done well, and we are increasingly concerned that there are significant problems in some areas of this market.
ABSs, cost and audits – fixing regulation after Axiom Ince
A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.
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