Tag Results
From the referral fee frying pan into the advertising fire
Thursday, 11 October 2012We kind of all knew it anyway, but just how much money a large insurance company like the Direct Line Group makes from referral fees still took my breath away. As we reported earlier this week, the group received £110m from solicitors in the three and a half years since January 2009. Call it £30m a year and extrapolate (the group’s market share is 19% of motor and 18% of home insurance) and you are looking at around £150m a year going from the pockets of solicitors to insurance companies for the privilege of receiving cases. And that’s before the £100m or so insurers make every year from credit hire referral fees.
Tags: claims management companies, referr
Posted in Blog
Blog
AI and client confidentiality: the next regulatory faultline
The area most likely to expose firms to regulatory jeopardy in 2026 needs far more guidance: client confidentiality in the age of commercial AI systems.
The UK’s global leadership in lawtech is at risk if women are left behind
Tech has the equivalent of an old boy’s network. That makes it harder for women to break in. It also makes it harder when it comes to networking, finding backers and ultimately clients.
How legal judgement is shifting in in-house practice
Across UK organisations, legal teams are now involved earlier in decision-making, often before proposals have taken a settled shape.
