Tag Results

65 CMCs warned over referral fee ban compliance in first quarter of 2014

The Claims Management Regulator has warned over 65 claims management companies about their compliance with the referral fee ban in the first three months of this year, it has emerged.

July 9th, 2014 | 1 Comment »

The new referral fees

The practice of law firms paying a claims management company or insurer to have a case referred to them was ugly, drove unethical behaviours and placed commerciality above the rights and needs of injured people. It was rightly banned in April 2013.

May 22nd, 2014 | No Comments »

Admiral reveals ownership stake in joint venture ABSs

Admiral Group is the overwhelmingly dominant partner in the joint venture alternative business structures (ABSs) it has set up with law firms Lyons Davidson and Cordner Lewis, the insurer’s annual results have shown.

March 6th, 2014 | No Comments »

Top PI marketing collective opens panel for first time “to help smaller firms compete”

Marketing collective First4Lawyers – which last autumn launched a £10m personal injury advertising campaign – is to open up its panel for the first time as it looks to increase its market share.

February 27th, 2014 | No Comments »

Referral fees at root of junior barristers’ woes, says Bar Council

An increasing tendency among solicitors to pay referral fees to each other and to use solicitor-advocates is diverting work away from junior barristers, ultimately threatening the quality of the judiciary, according to the Bar Council.

January 8th, 2014 | 2 Comments »

Conveyancers face new referral fee disclosure rules but no ban

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.

August 8th, 2013 | 1 Comment »

Direct Line hits £125m from solicitors since 2009 after scooping final £6m in referral fees

Direct Line Group – which last month announced plans to launch its own legal business – made a final £6.1m in referral fees from solicitors this year before the ban was introduced on 1 April, its half-year results have shown.

August 6th, 2013 | 4 Comments »

MPs attack insurers over referral fees and ABSs

MPs have attacked insurance companies for not being more transparent over the referral fees they receive from a range of sources. The transport select committee said “the motor insurance sector remains as opaque as ever”.

July 31st, 2013 | 2 Comments »

Exclusive: swathe of personal injury firms reports reduced income since LASPO

Almost a third of personal injury law firms in the north-west have seen fee income drop due to the introduction of LASPO reforms on 1 April, new research has found. More than 70% said that the regulatory and structural changes have had a negative impact on their businesses.

July 5th, 2013 | No Comments »

Licensed conveyancers support retaining referral fees

A ban on referral fees in conveyancing is unjustifiable, according to a narrow majority of respondents to a Council for Licensed Conveyancers consultation – but there was strong support for enhanced disclosure requirements.

April 30th, 2013 | 1 Comment »