- Thursday, 11 October 2012
We 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
Where budgets are tight, lawyers will be considering what’s in their existing arsenal to still improve productivity. One effective, accessible and cheap tool is legal project management.
Good customer service should be a priority for any business and, if you want to stay ahead of the competition, something that’s constantly under review.
There was welcome guidance from the Competition Appeal Tribunal this week for funded cases looking for certainty following PACCAR, with the renegotiated Sony litigation funding agreement upheld as lawful.
Spinal Injuries Association and Hudgell Solicitors join forces to fight for the rights of people with spinal cord injury
BigHand sees influx of wins as a series of firms drive efficiencies by switching Document Creation solutions
Latest HMRC property transaction figures show macro-economic conditions continue to subdue residential and commercial property markets
What new challenges will conveyancers face in the next generation, and how can they be better prepared to address them?
Assumed AML checks leave barristers and chambers vulnerable: Key takeaways from the SRA’s Annual AML Report