News – Page 30
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NewsNew caps on financial claim fees
Some CMCs charge 40% of the compensation award. ‘This has got to stop,’ says justice minister.
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NewsFirm’s ‘hopeless’ costs case thrown out
PM Law claimed £3m to recover sums 'due and payable' under insurance policies.
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NewsCFA ‘terminated’ before assignment, court rules
Case likely to have significant impact on the personal injury sector, where thousands of claims have been sold on.
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NewsInsurer pulls out of PII market citing dangers of cybercrime
Elite Insurance also worried for its core market in the personal injury sector.
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NewsLawyers not negligent to advise settlement on steps
Judge says advice was proper given claimant ran the risk of losing the case.
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NewsDefendant lawyers to oppose small claims limit rise
Forum of Insurance Lawyers says it will not stand alongside insurers on key changes.
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NewsListed law firm pioneer halves profit forecast
Australian firm Shine Lawyers sees share price slump after re-entering market with profit warning.
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NewsJackson: fixed costs needed for all claims up to £250k
Major extension of fixed fees regime 'a price worth paying' says architect of civil reforms.
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NewsSlater and Gordon plans 51 job cuts
Two UK offices slated for closure, with fee-earner and support jobs to go.
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NewsCMC regulator reports sharp decrease in PI specialists
Four financial penalties were issued in the fourth quarter of 2015, with 51 warnings issued.
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NewsCameron vows to end ‘industry’ of claims against armed forces
Prime minister tasks National Security Council with clampdown on claimant practices.
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NewsAA confirms effective closure of legal business
Consumer brand becomes latest ABS pioneer to hit the rocks.
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NewsFraud taskforce wants ‘tougher approach’ from SRA to rogue solicitors
Report also recommends action from insurers on inappropriate pre-medical offers for personal injury claims.
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NewsWhiplash curbs could hand insurers £1bn-plus boost
Industry has pledged to pass on ‘savings’ to motorists – but there will be no audit trail.
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NewsWe won’t intervene over insurance prices, admits Treasury
Whiplash reforms based on insurers’ pledge to pass on savings of £50 a policy.
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NewsFirst4Lawyers: we’re recovering from ‘tumultuous change’ in PI market
Profit before tax fell from £2.626m to £2.2m in the course of the 2014/15 financial year.
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NewsMoJ undecided on scope of small-claims limit increase
Meeting between lawyers and justice officials reveals more detail on government plans for personal injury.
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NewsParabis: unsecured creditors set to lose £46m as scale of collapse laid bare
Administrators’ report lays bare the full story behind the pioneering group that ended up with debts of around £120m.
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NewsUncertainty over PI claims portal as changes put on hold
Government’s imminent consultation on personal injury forces a halt to proposed portal developments.
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NewsInsurer LV= enters legal market with fixed fee offering
Firm will offer a range of services from conveyancing to personal injury.