AXA says what we all think on referral fees

I come from a depressing, end-of-the-line town called Clacton-on-Sea. You probably stayed there in a caravan once, but had the fortune to leave after a long rainy weekend. Not me, I was stuck there, with just candyfloss and those two-penny machines to see me through to 18.

Now, I’m allowed to say what I like about Clacton. But if any outsider ever dares do the same, they’ll have me to deal with. (Not much admittedly, but it sounds threatening.) Which brings me (and stick with me on this one) to referral fees.

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Blogs | Law Gazette



Sevenoaks Lawyers

Major CMCs win argument on MoJ fees

Large claims management companies (CMCs) have convinced the government to reinstate a cap on the fees they have to pay for regulation.

The Ministry of Justice, which regulates CMCs, had planned to remove the annual cap of £30,000 for companies with contractual relationships with clients.

Although the majority of respondents to a consultation agreed with removing the cap entirely, larger CMCs successfully argued for a new cap of £50,000.

An MoJ response said the revised figure struck an ‘appropriate balance’ between meeting regulatory costs and a fair setting of fees.

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News | Law Gazette



Lawyers in Sevenoaks

Are GCs prevented from forcing down fees?

I heard a depressing tale last week that will be familiar to many lawyers working in the in-house sector.

A general counsel was dealing with a substantial piece of litigation. He had chosen to give the job to a good silver circle firm, and was very pleased with the way this firm was handling it. But when he updated the business leaders on the status of the litigation, he found himself under fire for not having used a ‘magic circle’ law firm.

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Blogs | Law Gazette



Sevenoaks Divorce Lawyers

Fees on way back down to earth

Speaking at the Association of Costs Lawyers’ annual conference last week, the master of the rolls Lord Neuberger expressed great confidence that a combination of the Jackson reforms, alternative business structures and client demand for fixed fees will mean that lawyer’s fees are almost certain to come down.

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Blogs | Law Gazette



Solicitors in Sevenoaks

Fees and LDPs

I write in response to the letter ‘Raw deal for LDPs?’, concerning the process of passporting to an alternative business structure. To clarify, there is no fee for a non-lawyer manager LDP which elects to transition to the ABS regime ahead of the transition period (which the author is correct is delayed).

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Opinion | Law Gazette



Lawyers in Sevenoaks

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