Tag Results
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
Warning over “unbelievable” referral fee ban timetable that could leave firms just weeks to adapt
Monday, 22 October 2012Law firms may have just weeks to reorganise their business plans once a decision is made on enforcing the ban on referral fees in personal injury work, a leading practitioner has warned while branding the situation “unbelievable”.
Tags: referral fees, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Oh yes – Direct Line set for ABS as it reveals £110m solicitor referral fee income since 2009
Tuesday, 9 October 2012Insurance company Direct Line will shortly make an application to become an alternative business structure, with the referral fee ban set to choke off a source of income that has raised £110m over the past three and a half years, it has emerged.
Tags: ABS, Alternative business structures, referral fees
Posted in Alternative business structures, Latest news
Law firm joins forces with seven other businesses to launch collision-to-settlement ABS
Thursday, 4 October 2012A new business that brings together a law firm with seven other service providers needed to manage a motor accident from collision to settlement has applied for alternative business structure status, Legal Futures can report.
Tags: ABS, Alternative business structures, personal injury, referral fees
Posted in Alternative business structures, Latest news, Market monitor
Conveyancers and PI firm named latest ABSs
Thursday, 6 September 2012The residential conveyancing department of a Leicester law practice has left the firm to become an alternative business structure, while a sole practitioner targeting lender panels and a personal injury practice in Cheshire have also gained licences.
Tags: ABS, Alternative business structures, conveyancing, Council for Licensed Conveyancers, personal injury, referral fees, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
SRA: firms will have to decide for themselves if they are breaching referral fee ban
Wednesday, 5 September 2012It will be for law firms to work out if they are complying with the ban on referral fees in personal injury cases, with the law drafted in such a way to make some collective marketing schemes “vulnerable to being in breach”, the Solicitors Regulation Authority has warned.
Tags: Legal Aid Sentencing and Punishment of Offenders Act, referral fees, Solicitors Regulation Authority
Posted in Latest news, Solicitors
ABS-in-waiting posts strong results as Admiral continues to consider its options
Tuesday, 4 September 2012Prospective alternative business structure Quindell Portfolio plc – whose takeover of Liverpool law firm Silverbeck Rymer is awaiting approval – has more than £500m worth of new contracts under discussion, it revealed today.
Tags: ABS, Alternative business structures, referral fees
Posted in Latest news, Market monitor
LSB warns regulators over referral fee ban as government unveils CMC crackdown
Thursday, 23 August 2012The Legal Services Board has warned regulators not to go further than the legislative requirements for the impending ban on referral fees in personal injury, calling for “a liberal approach” that does not prevent alternative business structures effectively circumventing it.
Tags: Alternative business structures, claims management companies, Legal Aid Sentencing and Punishment of Offenders Act, Legal Services Board, personal injury, referral fees
Posted in Alternative business structures, Latest news, Legal Services Board, Marketing & PR
Companies facing referral fee ban “embracing opportunities” offered by ABSs
Thursday, 16 August 2012Alternative business structures are not a simple solution to circumvent the impending ban on referral fees, but referrers are starting to see real opportunities to enter the legal market themselves, a leading adviser has said.
Tags: ABS, Alternative business structures, personal injury, referral fees
Posted in Alternative business structures, Latest news, Market monitor
SRA finds support for outcomes-focused approach to referral fee ban
Monday, 13 August 2012There is broad support for an outcomes-focused approach to implementing the ban on referral fees in personal injury cases, according to early indications from the Solicitors Regulation Authority’s consultation on the issue.
Tags: Legal Aid Sentencing and Punishment of Offenders Act, OFR, outcomes-focused regulation, referral fees, Solicitors Regulation Authority
Posted in Latest news, Marketing & PR, Solicitors
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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