Tag Results
Quindell gains ABS licence and says it can deliver profit under new costs regime
Tuesday, 18 December 2012Quindell Portfolio has finally received its alternative business structure (ABS) licence and also predicted that it will be able to operate profitably within the new fixed fees and small claims structure put forward by the government.
Tags: ABS, Alternative business structures, personal injury, RTA portal
Posted in Alternative business structures, Latest news, Market monitor
Traditional firms “more innovative than ABSs”, says SRA, as it promises COLP/COFA reassurance
Monday, 17 December 2012Innovations in legal practice are coming more from traditional law firms than from ABSs, the SRA said last week. Meanwhile, it will this week clarify the position of firms that have submitted COLP and COFA nominations but have not yet received approvals.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, outsourcing, personal injury, practising certificate, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
Survey: ABSs are good for large PI firms – but not small practices or injured people
Tuesday, 11 December 2012Alternative business structures in the personal injury market will do little to improve injured people’s access to justice but will benefit larger law firms at the expense of smaller ones, a new survey has found. Firms were split over whether their business models can survive the Jackson reforms.
Tags: ABS, Alternative business structures, Jackson report, personal injury
Posted in Alternative business structures, Latest news, Market monitor
New solicitor marketing network to spend £3m as Thompsons eyes trade union partnerships
Friday, 7 December 2012A new national marketing network of solicitors specialising in personal injury claims will be launched in the New Year with funding to spend more than £3m a year on advertising as firms come to terms with the upcoming ban on referral fees. Meanwhile new ABS Thompsons hinted at possible alliances with trade unions.
Tags: ABS, Alternative business structures, personal injury, referral fees
Posted in Alternative business structures, Latest news, Market monitor, Marketing & PR
InjuryLawyers4u confident over referral fee ban as it opens up panel for first time in eight years
Wednesday, 14 November 2012InjuryLawyers4u, arguably the UK’s leading solicitors’ marketing consortium, is opening up its panel for the first time in more than eight years. There are currently 43 firms on the panel, collectively spending millions on advertising the service.
Tags: Legal Aid Sentencing and Punishment of Offenders Act, marketing, personal injury, referral fees
Posted in Latest news, Marketing & PR
Exclusive: top consumer law firm targets tie-up with big brands after receiving ABS licence
Thursday, 1 November 2012One of the country’s largest consumer law firms has become the latest alternative business structure (ABS) as it targets working with “well-known brands” to offer a range of legal services.
Tags: ABS, Alternative business structures, personal injury
Posted in Alternative business structures, Latest news, Market monitor
SRA lays out plan to implement referral fee ban
Tuesday, 23 October 2012It will be for personal injury solicitors to convince the Solicitors Regulation Authority (SRA) that they are not paying referral fees once the ban comes into force, it emerged today as the SRA published its long-awaited consultation on how it will implement the ban.
Tags: ABS, Alternative business structures, claims management companies, CMC, marketing, personal injury, referral fees, Solicitors Regulation Authority
Posted in Latest news, Marketing & PR, Solicitors
New ABSs target high net-worth individuals and Yorkshire high street
Thursday, 18 October 2012A Mayfair-based private client firm that has close links to a wealth manager and a personal injury practice that is diversifying into other areas of law have become the first new alternative business structures in nearly a month.
Tags: ABS, Alternative business structures, financial services, high street firms, personal injury, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
Pinto Potts cites uncertain post-Jackson future as key driver for Quindell deal
Tuesday, 16 October 2012The law firm that yesterday agreed to be bought by Quindell Portfolio did so in the face of a “future laced with uncertainty” for personal injury practitioners, its managing partner has told Legal Futures.
Tags: Jackson report, personal injury
Posted in Alternative business structures, Latest news, Market monitor
Quindell to acquire second leading PI firm
Monday, 15 October 2012AIM-listed Quindell Portfolio is to acquire its second leading claimant personal injury (PI) law firm after reaching agreement to purchase Pinto Potts for around £14m. The deal also extends Quindell’s offering to insurers beyond PI.
Tags: ABS, Alternative business structures, personal injury
Posted in Alternative business structures, Latest news, Market monitor