Accountants predict rise in broker M&A
The business advisory firm highlighted that the Legal Aid Sentencing and Punishment of Offenders Act (LASPO) 2012 was due to be implemented in April 2013 and introduces a series of reforms including the banning of referral fees in personal injury cases.
The law change will also cause the abolition of success fees and introduce a 25% cap on fees in personal injury cases.
According to the accountants the changes will mean significantly less revenue for a number of personal injury law firms and
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