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
The ongoing rise and challenge of housing disrepair in council properties
Britain’s housing disrepair crisis has quietly evolved into one of the most consequential legal and political issues facing the country’s social housing sector.
Source of funds is where AML really gets tested
It’s a familiar story: a PDF of a bank statement lands in your inbox, your client leaves a cursory note explaining what some of the transactions mean, and you close the file.
Firms need to move faster on AI pricing
Law firms are trying to rethink pricing while still operating on business models fundamentally built around time.
