DAS Law – the alternative business structure set up by the eponymous legal expenses insurer – is launching a pioneering graduate academy for “lawyers of the future”, with the first six recruits starting next month. Staff numbers at the firm have doubled to around 220 since it was created in 2013.
Well-known legal expenses insurer ULR Additions has won approval to set up an alternative business structure. However, the license from the Solicitors Regulation Authority restricts the work LEI Legal Services Ltd can undertake.
National law firm Simpson Millar has joined forces with legal expenses insurer DAS to bring insurance-backed pre-paid legal plans to the UK, offering cover for a wide range of contentious and non-contentious work – including conveyancing and personal injury.
Over-50s specialist Saga has today launched a new range of legal services which it claims aims to make the market “more straightforward in terms of charges, language and accessibility” – and has also applied for an alternative business structure licence.
The Chief Legal Ombudsman today warned of the risk of a payment protection insurance-type scandal engulfing the legal profession after collecting evidence of clients being sold complex and confusing legal products that they often struggled to understand.
Well-known legal expenses insurer Abbey Protection is to launch a three-pronged attack on the SME market once its application to become an alternative business structure has been approved, it has revealed.
The DAS UK Group increased gross written premiums by 16% in 2011, returning a profit of almost £7m after tax.
Legal expenses insurer ARAG, a Legal Futures Associate, has struck a deal with online mediation business Go2mediation to help both reduce the costs of litigation and save policyholders the time and stress involved in court proceedings.
The Law Society is targeting a fresh attack on before-the-event legal expenses insurers by seeking out a test case that aims to loosen their grip on policyholders’ choice of solicitor, it has emerged. The news comes as the Office of Fair Trading called for improvements in the way insurers sell the product.
The Crown Prosecution Service has dropped charges against 11 solicitors and doctors who were accused of a £4m referral fee fraud involving after-the-event legal expenses insurance. The lawyers may instead be referred to the Solicitors Regulation Authority.