Legal profession slams referral fee ban

Legal

The legal profession has claimed access to justice will suffer with the banning of referral fees.

Tim Roberts, senior partner, Parabis, said: "I am afraid the Ministry of Justice (MoJ) is looking down the wrong end of the telescope. It is the fees charged by the law firms which they use to pay inflated referral fees that is the problem, not the referral fees themselves.

"The SRA are going to be busy next year licensing all these referral source Alternative Business Structures (ABS) so they can swap the profit earned on the legal fees for the loss of their referral fee income.

"Moving the

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FCA adds four more S166s to sector

The Financial Conduct Authority has slapped the general insurance and protection sector with another four skilled person reports as the crackdown continues.

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