Solicitor tie-ups: don't think 'referrals', think 'collaboration'

SOLICITORS

clock

SIFA's Ian Muirhead explains how to make solicitor/adviser tie-ups work for both parties...

The recent furore over solicitors’ client referrals has highlighted the increased importance of financial services to solicitors in the post-Legal Services Act world. One of the principal objectives of the Act is to encourage competition in the legal services market. Many solicitors will find it difficult to compete against the new entrants who, in most cases, will be adding legal services to an existing related service and making greater use of technology in the form of online standard documentation and superior database management. Many solicitors’ Achilles heel is their dependen...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Adviser tips

Friday Night Takeaway: Is talk of bonds giving you whiplash?

Friday Night Takeaway: Is talk of bonds giving you whiplash?

The editor's Friday Night Takeaway from 12 April

Hope Coumbe
clock 12 April 2024 • 1 min read
Editor's View: A very happy new (financial!) year to you

Editor's View: A very happy new (financial!) year to you

The editor's Friday Night Takeaway from 5 April

Hope Coumbe
clock 05 April 2024 • 1 min read
Spouses using different advisers can often cause difficulties

Spouses using different advisers can often cause difficulties

Looking at industry thoughts on the back of last week’s PA Asks poll

Hope Coumbe
clock 25 March 2024 • 1 min read