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My preferred option was to end the LASPO exemption and carve insolvency out of all these arguments. We already have our own costs regime within the Insolvency Act. We use CFAs as they sort of work in insolvency but they are hardly perfect. Why not allow the insolvency profession to develop its own system based on CFAs but that suits our specialist needs and stop us becoming subject to concerns about ambulance chasers and the like. "Try on" insolvency claims are so very rare as to almost be not worth considering. It takes a lot to get a claim off the ground and a legal professional has to sign off on the claim of the insolvency professional and creditors sign off on both. This is not Slip and Trip and should never be subject to the same process.

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