The Institute of Professional Will Writers has appointed a solicitor to be its first chief executive, as part of a radical overhaul of the organisation that it hopes will involve licensing legal services businesses.
The number of claims management companies has fallen by nearly a quarter since the introduction of the referral fee ban and prohibition on offering inducements, new figures have shown.
Legal regulators should in future rate the risk that firms present to the public on the basis of the diversity of their workforce, and focus supervision on those with the worst records, according to a report.
The frontline regulators need lay chairs at the helm so as to cut the “overly strong ties” that still exist with their branches of the profession and have held back change, the Legal Services Board said yesterday. The call was met by strong opposition.
The Council for Licensed Conveyancers is to continue its bid to regulate the conduct of litigation but will focus on property-related litigation, it has announced. Meanwhile, the regulator is to farm out its role as an education provider because of a “clear conflict”.
A Manchester law firm has launched a joint venture alternative business structure (ABS) with one of its major insurer clients. Meanwhile, the transitional exemption from ABS licensing currently afforded to not-for-profit organisations has been extended indefinitely.
The Law Society’s conveyancing quality scheme and lender-specific requirements amount to double regulation of lawyers and there needs to be a sector-wide effort to resolve the problem, the Council for Licensed Conveyancers has urged.
Citizens Advice has hit out at claims management companies for cold-calling and the way they then handle payment protection insurance mis-selling cases. Two-thirds of adults – equivalent to 32m people in the UK – say they have been cold-called over PPI, its research claims.
The Legal Services Board has backed improvements to the transparency of referral fees paid by licensed conveyancers following a review that found absolutely no justification for a ban.
The turnover of claims management companies spiralled 31% last year to top £1bn, with the turnover for the financial claims sector exceeding that of personal injury companies for the first time, Ministry of Justice figures have shown.