Tag Results
Quarter of conveyancers have experienced attempted fraud, while third pay referral fees
Monday, 15 April 2013A quarter of conveyancing firms have experienced a client attempting to commit property-related fraud or money laundering, new research has revealed. This frequency suggests that many firms “might be over-optimistic” about the likelihood of encountering similar attempts in the future
Tags: conveyancing, money laundering, mortgage fraud, referral fees
Posted in Latest news, Solicitors
Claims management companies win ABS status as SRA launches referral fee ban guidance
Tuesday, 26 March 2013A company that provides both claims management services and legal expenses insurance has joined forces with a law firm in an alternative business structure that needed a waiver to allow a 27-year-old solicitor to be its head of legal practice. It was one of two newly licensed CMCs.
Tags: ABS, Alternative business structures, claims management companies, CMC, personal injury, referral fees
Posted in Alternative business structures, Latest news, Market monitor, Solicitors
LSB chairman warns MPs of "unintended consequences" of referral fee ban
Wednesday, 20 March 2013Banning referral fees in personal injury may have unintended consequences that will be worse than the current situation, Legal Services Board chairman David Edmonds told MPs yesterday. He also said the current regulatory regime could move rapidly to a single over-arching regulator.
Tags: Legal Services Board, referral fees
Posted in Latest news, Legal Services Board, Regulation
Survey: personal injury law firms face financial meltdown
Wednesday, 13 March 2013Nearly a fifth of the north-west’s specialist personal injury law firms are considering shutting up shop due to the financial impact of the government’s civil costs reforms, with many predicting huge cuts in their profitability as a result of the new RTA portal fees, new research has revealed.
Tags: ABS, Alternative business structures, referral fees, RTA portal
Posted in Latest news, Market monitor
SRA approach to referral fee ban receives LSB green light
Friday, 8 March 2013The Legal Services Board yesterday put the seal of approval on the SRA’s plans to regulate the referral fee ban. The news came as the Law Society pressed the LSB to provide reassurance that the way referral fees are regulated will be consistent across the entire legal profession.
Tags: Legal Services Board, Legal Services Consumer Panel, referral fees, Solicitors Regulation Authority
Posted in Consumer panel, Latest news, Legal Services Board, Solicitors
Croydon PI solicitor teams up with local newspaper in novel approach to referrals
Monday, 11 February 2013An entrepreneurial personal injury solicitor has teamed up with his local newspaper to create a community charity funded by a substantial donation every time he receives an instruction from a member of the public.
Tags: personal injury, referral fee ban, referral fees
Posted in Latest news, Solicitors
Admiral "set for deal" with Lyons Davidson to safeguard referral fee income
Monday, 28 January 2013Admiral Insurance and national law firm Lyons Davidson – which received its alternative business structure licence in November – are having talks about linking up, but it will not involve the law firm being acquired, Legal Futures can report.
Tags: ABS, Alternative business structures, referral fees
Posted in Alternative business structures, Latest news, Market monitor
SRA set to offer informed guidance but not safe harbour over referral fee ban
Tuesday, 22 January 2013The board of the Solicitors Regulation Authority will tomorrow be asked to confirm an outcomes-focused approach to implementing the referral fee ban, along with a commitment to develop guidance “as our knowledge of different schemes increases” – although this will fall short of ‘safe harbour’ advice.
Tags: Legal Aid Sentencing and Punishment of Offenders Act, Legal Services Board, referral fees, Solicitors Code of Conduct, Solicitors Regulation Authority
Posted in Latest news, Solicitors
New marketing collective bids to move beyond PI as Accidents Direct plans big panel expansion
Monday, 21 January 2013A new marketing collective that is targeting consumer and commercial legal work – Simply Lawyers – is preparing for launch, Legal Futures can reveal. Meanwhile, Accidents Direct hopes to become the country’s leading claims management company by bringing more firms onto its panel.
Tags: claims management companies, CMC, marketing, personal injury, referral fees
Posted in Latest news, Market monitor, Marketing & PR
Cost of acquiring PI cases is £700 – and the referral fee ban will have no effect, says report
Thursday, 10 January 2013The cost of acquiring personal injury cases, irrespective of the referral fee ban, is around £700 – £200 more than the government is proposing for routine road traffic claims even before the legal work is factored in, according to new research.
Tags: personal injury, referral fees, RTA portal
Posted in Latest news, Marketing & PR
Blog
The lonely role of a COFA: sharing the burden of risk management
Compliance officers for finance and administration in law firms can often find themselves walking a solitary path. But what if we could create a collaborative culture of shared accountability?
Mind the (justice) gap: Why are RTAs going up but claims still down?
The gap between the number of road traffic accident injuries and the number of motor injury claims continues to widen, according to the latest government data.
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.
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