LEI providers challenged to manage conflicts of ABS

Richard Finan

The Solicitors Regulation Authority has announced it will start accepting licensing applications for ABS from 3 January 2012.

Arc Legal claims that with a number of legal expenses insurers considering developing such structures, those adopting an in-house legal services model, where lawyers are directly employed by the company, risk creating a commercial conflict of interest exposing companies to allegations from consumers that its legal decisions lack impartiality.

Richard Finan, director of

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