Are Alternative Business Structures the Way to Avoid the Referral Fee Ban? - Stuart Bushell, Managing Director, SIFA
08/12/12. The SRA’s controversial ban on referral fees in personal injury cases, which was foreshadowed by the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO), is due to come into force in April 2013, and the regulator’s latest consultation on the subject is due to end on 18 December. With changes to the SRA Code of Conduct due to come before the SRA Board on 23 January, many firms of solicitors are looking to set up Alternative Business Structures (ABSs) as a means of avoiding the most deleterious consequences of the ban. However, the usefulness of this route is fraught with questions to which no answer appears to be available. At first sight, the new referral arrangements look deceptively simple. There are three questions...
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