Not exact matches
The result has been that competition amongst the
schemes has
seen fees increase from under 1.3 per cent in 1994 to 1.65 per cent today — a perverse outcome to anyone with an economics background who expects competition to lower prices.
We are likely to
see an increase in ET claims, as
fees will have to be abolished with immediate effect, and the Government will presumably now give some thought as to how it can implement a lawful
scheme for ET
fees, perhaps by introducing a scale of
fees linked to the value of claims.
The report warns that banning referral
fees could lead to a return to the situation
seen before 2004 where «creative
schemes» were used to get around the restrictions.
Report warns regulation could
see return of «creative
schemes» Clients are not suffering on quality or cost as a result of referral
fees in conveyancing and personal injury, a Legal Services Board (LSB) report has found.
The Legal Services Commission announced cuts to the family graduated
fee scheme in February, and is proposing further cuts which will
see payments cut by up to 55 %, according to the Bar Council.