At The Injury Lawyers we welcome the recent announcement that referral fees have been banned. We believe that this will provide greater transparency within the legal and insurance world and will ensure that the Claimant gets the best possible service.
A referral fee is a fee paid by a solicitor or claims management company to an insurer for the details of those who have been unfortunate enough to have been involved in an accident and sustained injuries as a result. For example, you have been involved in a road traffic accident and suffered a broken arm through no fault of your own.
Insurers know you have a claim for compensation and will provide your details to a solicitor or claims management company who is willing to pay between £200 and £1,000 on average for those details. The reason they will pay such a hefty fee is because they know your claim for compensation has excellent prospects of success and that they can get this referral fee back and more in legal costs when they win your case. All they have to do is get in touch with you, get you on board, and then win your claim – which is actually quite straightforward.
Fortunately the above scenario has been outlawed. At The Injury Lawyers we can proudly state that we have never paid a referral fee for a claim. We do not consider this a good thing because in most instances the people who have paid for your claim will harass you to make sure you instruct them to deal with your claim and then they will go about cutting corners to make sure that they can claw back the money they have already paid out in getting your details. They will likely offer lower service levels or may even try to charge you a fee just so they are not at a loss.
At The Injury Lawyers we have never paid a referral fee and that is why we offer fantastic service levels and can afford to do an excellent job. Further, we take great pride in the fact that our clients actually want us to act on their behalf – we have not had to pester them and they have come to us. Through our reputation which has been built on our excellent work, we attract our own clients.
Remember, it is entirely up to you whether you want to pursue a claim for compensation and it is entirely up to you, if you want to make a claim, who you instruct.
For some free legal advice give The Injury Lawyers a call today.
