Post Online: Legal boss airs concern as first three ABSs are revealed
March 29, 2012 at 4:44 PM
Spencers Solicitors director John Spencer has responded to the identity of the first three Alternative Business Structures (ABS) licensed by the Solicitors Regulation Authority (SRA) by raising concerns over the impending referral fee ban.
"The SRA's announcement is striking because two of the three firms which have become ABSs clearly undertake personal injury litigation work. There is currently no policy from either the SRA or the government in relation to how ABSs will deal with the upcoming ban on referral fees. The Legal Aid, Sentencing and Punishment of Offenders Bill (LASPO), which includes a ban on referral fees, does not take into account the myriad of potential loopholes which ABSs will create."
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