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CMCs enjoy 33% income rise to £774m but standards plummet in PPI goldrush
Friday, 10 August 2012Claims management companies saw a 33% increase in turnover to £774m last year, but standards are plummeting as they “fall over each other” to bring payment protection insurance mis-selling claims, their regulator has reported.
Tags: ABS, Alternative business structures, claims management companies, personal injury, PPI, referral fees
Posted in Latest news, Other lawyers
Referral fee ban will not catch solicitors’ collective marketing schemes, Djanogly affirms
Friday, 29 June 2012Justice minister Jonathan Djanogly has affirmed the government’s belief that the ban on referral fees will not catch solicitors’ collective marketing schemes, despite continuing concerns that the legislation does exactly that.
Tags: marketing, referral fees, Solicitors Regulation Authority
Posted in Latest news, Solicitors
News in brief: Quindell targets CMC aggregation, “charitable referral fees”, solicitor ad wins TV award
Monday, 18 June 2012Our regular round-up of news snippets features another acquisition by ABS-in-waiting Quindell Portfolio, a solicitor’s TV ad winning a Royal Television Society award, a firm donating referral fees to charity, and ABS compensation fund arrangements.
Tags: claims management companies, Legal Services Board, referral fees, Solicitors Compensation Fund, Solicitors Regulation Authority
Posted in Latest news, Legal Services Board, Marketing & PR, News In Brief
The referral fees hospital pass
Thursday, 14 June 2012It is no great secret that the Solicitors Regulation Authority (SRA) sees its role in enforcing the government’s ban on referral fees in personal injury as a hospital pass. It would much rather that paying or receiving a referral fee be made a criminal offence and taken out of its hands. After all, the SRA (in its previous guise as part of the Law Society) has been down this road before and it wasn’t a happy experience.
Tags: Legal Aid Sentencing and Punishment of Offenders Act, referral fees, referral services, Solicitors Regulation Authority
Posted in Blog
SRA: referral fee ban could drive many firms out of business – and may not even stop dodgy claims
Wednesday, 13 June 2012The impending ban on referral fees in personal injury could result in a “steep increase” in the number of financial failures amongst small law firms – but may not actually discourage spurious claims – the Solicitors Regulation Authority has warned.
Tags: ABS, Alternative business structures, claims management companies, Legal Aid Sentencing and Punishment of Offenders Act, personal injury, referral fees, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Marketing & PR, Solicitors
News in brief: COLP/COFA advice service launched, referral fee offensive, and much more
Tuesday, 29 May 2012Our latest round-up of key news snippets sees the ex-chief of the CLC launch a consultancy, a new COLP and COFA helpline, a campaign against personal injury “auctions”, Lawyers on Demand goes it alone, a run-off cover boost for retiring solicitors, and a rethink on financial services ABSs.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, financial services, Financial Services Authority, personal injury, professional indemnity insurance, referral fees
Posted in Latest news, News In Brief
Bar calls on judges to halt solicitor “abuse” of QASA
Monday, 21 May 2012The Bar has called on judges to block solicitors appearing before them as plea-only advocates under the Quality Assurance Scheme for Advocates. There were also calls for action to end the “corrupt practice” of criminal defence solicitors demanding referral fees.
Tags: bar standards board, Barristers, QASA, Quality Assurance Scheme for Advocates, referral fees, Solicitors Regulation Authority
Posted in Barristers, Latest news, Solicitors
Leaked e-mail reveals ABI mulling bid to slash RTA portal fee from £1,200 to £150
Tuesday, 1 May 2012The Association of British Insurers may call for the fixed fees payable under the RTA portal to be slashed by nearly 90% to £150 as part of its negotiation strategy, a leaked e-mail has revealed.
Tags: Association of British Insurers, fixed fees, referral fees, RTA portal
Posted in Latest news
New ABS targets joint ventures with insurers
Wednesday, 25 April 2012A law firm that aims to offer a white-label personal injury service to insurers and brokers yesterday became the Solicitors Regulation Authority’s fourth alternative business structure, and first in Wales.
Tags: ABS, Alternative business structures, Law Society, personal injury, referral fees, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
LASPO: government suffers two defeats over legal aid for children, tightens referral fee ban
Wednesday, 28 March 2012The government suffered two more defeats during yesterday’s final House of Lords stage of the Legal Aid, Sentencing and Punishment of Offenders Bill, and also tightened up the ban on referral fees.
Tags: clinical negligence, Jackson report, legal aid, Legal Aid Sentencing and Punishment of Offenders Bill, personal injury, referral fees
Posted in Latest news
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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