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Decision not to ban inducements is demeaning to the profession

Why couldn't the SRA ban financial incentives? Kerry Underwood spells it out

10 October 2013

The SRA has taken the extraordinary decision not to ban firms from offering inducements to potential clients, even though the MoJ has banned claims management companies (CMCs) from doing so. It is now widely known in the legal profession as the ‘SFA’, the initials crudely reflecting what it has – or rather hasn’t – done about breaches of the referral fee ban.

The regulator said there was ?no evidence that incentives encourage spurious claims. Actually, Mr Regulator, that is none of your business. You are there to regulate solicitors, not their clients. There is a clue in the name Solicitors Regulation Authority.

A spokesperson for the alternative regulatory body ?– the Authority for Regulating Solicitors, or ARS – said there ?was no evidence that solicitors stealing client account money, robbing banks or supplying drugs to prisoners encouraged spurious claims, and that,...

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