The Solicitors Regulation Authority (SRA) has threatened regulatory action against any law firms that take on payment protection insurance (PPI) claims that people could have conducted themselves. The warning comes this week as an SRA review on PPI reveals that 80% of firms doing PPI claims work routinely charge fees of more than 25% of the redress they receive, with some charging up to 50%. The SRA considers charging more than 15% unreasonable. Paul Philip, SRA chief executive, said firms unable to demonstrate that they are acting in the best interest of their clients could be subject to regulatory action.
11 April 2018
PPI scandal looms large
MOVERS & SHAKERS
Anthony Collins—20 promotions
20 promotions mark major people investment at national law firm, Anthony Collins
Sidley—Elaine Whiteford
Sidley adds competition litigator Elaine Whiteford in London
Charles Russell Speechlys—Claudina D’Costa
Charles Russell Speechlys welcomes Claudina D’Costa as Director of Client Development Marketing
NEWS
The 25th Pro Bono Week begins today until 6 November, with events hosted by law firms, chambers, law schools and charities across the UK
Pro bono is celebrating a silver anniversary, with initiatives putting businesses and students at the heart of access to justice
Choosing the wrong expert can cost a clinical negligence claimant more than their case
Judges risk weakening their own independence by staying silent over government reforms, a leading public lawyer argues
A discount on damages does not automatically mean an equivalent haircut for legal costs in military deafness claims
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