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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Workshop: Pricing Innovation – Setting the Right Price for New Products or Services | PriceBeam
Agenda Participants will have the chance to listen to and network with our expert panel over breakfast. 8.00 AM > Meet & Greet, Breakfast, and networking 8.20 AM > Finn Helmo Hansen will present “Using Market Research to Price Innovation. Setting the right price for new products or services.” 09.15 AM > Mark Peacock will present “How smarter pricing strategies […]
PND is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: The Perfect Price AI platform makes millions of pricing decisions for forward-thinking companies around the world. Our cloud-based service allows customers to quickly anticipate and react to changes in demand in […]
Pricing Educational Events Update > March 2019
Check out these upcoming in-person as well as live/on-demand webcast pricing events. Be sure to check the Pricing Events Calendar regularly as it offers a list of upcoming pricing focused conferences, webcasts, in-person and online training, and other professional development/networking events. Upcoming Events Webinar 28-March – Optimizing International Market Launches Through Pricing Insights | PriceBeam This webinar […]
This Week in Pricing > 3/16/19
TWIP is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: Professional Pricing Society Currently, PPS produces three major annual pricing conferences in Europe and North America. Each conference also houses a technology hall where sponsors display the latest in Pricing […]
Air fares soar as grounding reality kicks in, DGCA to keep tab on prices | The New Indian Express
NEW DELHI: In a big blow to the world’s biggest planemaker, US President Donald Trump on Wednesday announced a plan to ground all Boeing 737 MAX aircraft. “We’re going to be issuing an emergency order of prohibition regarding all flights of the 737 MAX 8 and 737 MAX 9,” Trump told reporters in the White […]
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