Reportage: LEI’s future in the balance
Legal expenses insurance faces an uncertain future but commercial could provide a lucrative new market, reports Louise Meeson
Ever since Lord Justice Jackson published his Review of Civil Litigation Costs at the start of last year, the controversial topic of legal expenses has barely been out of the headlines. More recently, former Secretary of State for Justice, Jack Straw, further fuelled the debate by renewing calls for a ban on referral fees, a move many industry experts predict will be the final nail in the coffin for after-the-event (ATE) insurance.
But is the end really nigh for ATE? While Jackson’s
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