The Legal Services Board has urged the frontline regulators to keep a close eye on ‘price transparency’ among lawyers in the wake of a Legal Ombudsman report that said a quarter of complaints it received were triggered by a lack of clarity over fees.
Tags: Legal Ombudsman, Legal Services Board, pricing
Posted in Latest news, Legal Ombudsman, Legal Services Act, Legal Services Board
Average profit per equity partner (PEP) for the top 10 law firms has exceeded £1m for first time since 2008, reaching £1.03m, while they also recorded a record average profit margin of 40%, PwC has reported.
Tags: pricing, profitability, PwC, Top 100
Posted in Finance, Latest news
Frontline legal regulators have failed to involve consumers when designing their policies and must in future target resources on improving “bad pricing practices”, according to the Legal Services Consumer Panel.
Tags: conveyancing, fixed fees, Legal Ombudsman, Legal Services Board, Legal Services Consumer Panel, LeO, pricing, probate, Solicitors Regulation Authority
Posted in Consumer panel, Latest news