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Admiral Group is the overwhelmingly dominant partner in the joint venture alternative business structures (ABSs) it has set up with law firms Lyons Davidson and Cordner Lewis, the insurer’s annual results have shown.

An increasing tendency among solicitors to pay referral fees to each other and to use solicitor-advocates is diverting work away from junior barristers, ultimately threatening the quality of the judiciary, according to the Bar Council.

Direct Line Group – which last month announced plans to launch its own legal business – made a final £6.1m in referral fees from solicitors this year before the ban was introduced on 1 April, its half-year results have shown.

Almost a third of personal injury law firms in the north-west have seen fee income drop due to the introduction of LASPO reforms on 1 April, new research has found. More than 70% said that the regulatory and structural changes have had a negative impact on their businesses.

Law firms will be held responsible for breaching the personal injury referral fee ban if they sign up to ventures that appear to be genuine joint marketing schemes but prove illegal, the Solicitors Regulation Authority has warned. It will also target senior individuals within firms that “recklessly trade into insolvency”.