OnDemand WTP Pricing Research

Tag: Legal Services Pricing

Solicitors warned to expect extension of price transparency rules | Law Society Gazette

Solicitors warned to expect extension of price transparency rules | Law Society Gazette

The Solicitors Regulation Authority may increase the scope of price transparency rules if firms are thought to be undermining their spirit. That was the prediction today of Iain Miller, regulatory partner at London firm Kingsley Napley, who said there had been limited responses from firms to new requirements which came into force in December. Miller […]

New rules for conveyancing | The Negotiator

New rules for conveyancing | The Negotiator

Suman Dally, Partner, Shoosmiths LLP: Price transparency only risks making the industry even more price competitive, driving down fees and consequently service. Whilst I understand the intention, I do feel the requirement for price transparency has caused confusion and created a further distraction in an industry, which has far more pressing issues around modernisation and […]

Does your website comply with price transparency rules? | Legal Futures

Does your website comply with price transparency rules? | Legal Futures

For many law firms, new rules on price transparency came into force on December 6th, 2018. With a widespread public shift in behaviour over recent years towards comparing providers online, the new rules make it even easier for consumers to make the best decision. Your firm should now be asking itself if your your website […]

Price publication rules ‘will drive down costs and quality’ | Law Society Gazette

Price publication rules ‘will drive down costs and quality’ | Law Society Gazette

Solicitors are worried that publishing fees will encourage potential clients to obsess about price, which will affect their ability to uphold the integrity of the law, a regular bellwether suggests. LexisNexis’s latest report, The changing face of law, says the profession is facing an ‘unprecedented level’ of price pressure. Since December, firms have been required […]

Consumer panel attacks BSB over price transparency | Legal Futures

Consumer panel attacks BSB over price transparency | Legal Futures

Responding to a consultation on the BSB’s strategic programme for 2019-2022, Sarah Chambers, the panel’s chair, said access to justice “goes beyond accessing (legal aid) funds”. Ms Chambers went on: “Consumers need access to information on prices, services, and quality in order to be confident to use the services of legal professionals and to make […]

Price transparency rules ‘not about giving firms a hard time’ – SRA chief | Law Society Gazette

Price transparency rules ‘not about giving firms a hard time’ – SRA chief | Law Society Gazette

Solicitors speaking at the conference expressed doubts about the merits of the new rules and how useful they may be for clients in practice – particularly if the legal service turns out to be more expensive than they were led to believe. A panelist on one of the break-out sessions, Wanda Goldwag, chair of the Office […]

BLJ Solicitors welcome price transparency in legal sector | Business Leader

BLJ Solicitors welcome price transparency in legal sector | Business Leader

North West legal firm Bell Lamb & Joynson Solicitors is backing the introduction of criteria which requires all regulated law firms to proactively publish pricing information for services. Firm’s must also detail timescales for quoted services and the experience of the staff that work in these areas. Nationwide changes follow research conducted by Competition and […]

Firms Have High Degree Of Flexibility In Implementing Price And Service Transparency Changes | Today’s Conveyancer

Firms Have High Degree Of Flexibility In Implementing Price And Service Transparency Changes | Today’s Conveyancer

Providing data and information that allows accurate comparisons Whilst the concept of being able to provide information that allows potential clients to ‘compare apples with apples’ is no doubt a good one; implementation is proving not to be straightforward. Templates have been made available, both by the regulators and the Law Society, and so on […]

Will legal industry professionals be forced to make prices clear and accessible? | Title Research

Will legal industry professionals be forced to make prices clear and accessible? | Title Research

Transparent pricing within the legal sector has been a popular topic of conversation for some time now and the latest news reveals that legal professionals could be forced to make prices easier to understand and more accessible. It has been revealed that the Legal Services Board (LSB) has approved the Solicitors Regulation Authority’s (SRA) new […]

Price transparency reforms: what it means for you | Legal Futures

Price transparency reforms: what it means for you | Legal Futures

FREE Legal Eye webinar – subscribe below for instant access Law firms regulated by the Solicitors Regulation Authority or the Council for Licensed Conveyancers will be required to make some changes to how they present information about their services to consumers. The aim of the new Price Transparency Rules is to make sure consumers have […]