- Tuesday, 9 June 2015
Only one solicitor has been sent to the Solicitors Disciplinary Tribunal for breaching the ban on referral fees in personal injury cases, it has emerged. Meawhile, the head of claims management regulation said the “biggest CMCs are making more and more money”.
Tags: claims management companies, CMRU, referral fees, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
- Monday, 1 June 2015
The number of personal injury claims management companies (CMCs) has fallen below 1,000, it has emerged, down from 2,300 at the start of 2013. Smaller CMCs have been hit hard by ban on personal injury referral fees, the cuts in portal fees and ban on inducements.
Tags: claims management companies, CMRU, Ministry of Justice
Posted in Latest news, Regulation
- Thursday, 19 February 2015
The Legal Ombudsman has received just under 1,000 consumer ‘contacts’ about claims management companies in its first three weeks of complaints handling, it has emerged.
Tags: claims management companies, CMRU, complaints, Legal Ombudsman, Ministry of Justice
Posted in Latest news, Legal Ombudsman
- Friday, 6 February 2015
The Ministry of Justice has announced huge increases in the regulation fees paid by claims management companies. The MoJ said that despite the drop in the number of firms, regulation could not be similarly scaled back.
Tags: claims management companies, CMRU, Legal Ombudsman, LeO, Ministry of Justice
Posted in Latest news, Legal Ombudsman, Regulation
- Wednesday, 28 January 2015
The Legal Ombudsman has recruited a team of 30 to deal with the thousands of complaints about claims management companies it will receive from today, it has emerged.
Tags: CMRU, Legal Ombudsman, Ministry of Justice
Posted in Latest news, Legal Ombudsman, Legal Services Act
- Wednesday, 7 January 2015
Claims management companies (CMCs) which break the rules this year face potentially huge fines – of up to 20% for those with an annual turnover of more than £500,000. Smaller CMCs can be fined up to £100,000.
Tags: claims management companies, CMRU, fines, Ministry of Justice
Posted in Latest news, Marketing & PR, Regulation
Following approval from the Legal Services Board in May 2022, CILEx Regulation has launched an alternative route for chartered legal executives to obtain independent practice rights.
In May, news broke that a non-fungible token was the subject of a successful injunction made by the Singapore High Court. The NFT in question is part of the very valuable Bored Ape Yacht Club series.
There are many good claims brought for damages that are likely to be significantly less than twice the cost of bringing the claim. These cases present a real challenge for insurers.
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