A personal injury firm has been reprimanded for an “irresponsible” radio ad which encouraged accident victims to claim compensation “irrespective of injury”. The news comes ahead of a £300,000 Law Society national advertising campaign that will promote PI lawyers.
Well-known personal injury law firm Gorman Hamilton has launched a twin-track approach to life after LASPO, part of which has been to form an alternative business structure (ABS) in which a credit hire company has a minority stake.
A personal injury law firm has urged those in the insurance industry to wake up to the changes in the legal market and consider whether alternative business structures (ABSs) and other arrangements with lawyers offer them a lifeline.
Personal injury firm Proddow Mackay has launched three alternative business structure (ABS) joint ventures in a bid to change strategy following the referral fee ban as Vamco, the first accident management company to become an ABS, has signed a deal with a large broker.
Antony Hodari has cut its ties with claims intermediaries and will now become self-sufficient in generating its caseload, becoming the first major personal injury law firm to announce its post-referral fee ban strategy.
Alternative business structure Quindell Portfolio plc has started to announce the major contract wins its end-to-end personal injury service has delivered, with a deal with RAC worth potentially £500m a year first to become public.
The new ‘Save the Legal Industry’ campaign has reported the loss of 2,500 jobs among personal injury law firms as they prepare for next month’s civil justice reforms. It has launched a ‘Job loss counter’ aimed at making the government see the “direct effect” of its policies.
Quindell Portfolio, the alternative business structure that has acquired three law firms in the past 12 months, will have “15% of the UK market for personal injury claims” this year, it has claimed. Meanwhile, another major ABS – Countrywide Conveyancing Services – has reported profits of £8m for last year, up 4% on 2011.
A specialist motorbike and moped accident management company has successfully applied for an alternative business structure licence in order to take in-house personal injury work that is currently outsourced.
Vamco has become the first accident management company to buy a law firm after being awarded an alternative business structure (ABS) licence. The Surrey-based business has acquired Kingsley Law, previously part of the Nesbit Law Group.