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 […]
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: PriceBeam B2B and B2C Pricing, Marketing, and Finance team leaders struggle to capture fresh, reliable, and actionable Willingness-To-Pay Pricing data to be able to effectively optimize all prices for all market segments GLOBALLY. Are you […]
Star Wars Land Merchandise Pricing & Locations | Disney Tourist Blog
In terms of pricing, this experience is a staggering $199.99 per lightsaber, plus tax with a carry case included. As with the droids, custom lightsabers are nonrefundable and are not eligible for Annual Passholder or other discounts. Additional customization items can be purchased at Dok-Ondar’s Den of Antiquities. The experience area is limited to the builder and one […]
The global battle over high drug prices | Costly medicines
THESE DAYS it is hard to find a government that is not struggling with the high price of medicines. In England, the government is fighting Vertex, a drug company, over the cost of a drug for cystic fibrosis, Orkambi. In America, diabetics have died because of the high cost of insulin. In the Netherlands, the […]
Why The Fed Needs To Pay Attention To The ‘Amazon Effect’ On Online Pricing | Forbes
It’s no secret that fierce competition from Amazon puts downward pressure on prices charged by Walmart and other big multichannel retailers for the same items. However, the bigger “Amazon effect” relates not to the prices themselves but to the pricing behaviors of these more traditional retailers, according to Alberto Cavallo, the Edgerley Family Associate Professor […]
Bitcoin Price Boom Signals Massive Dystopian Panic Over 2019 Recession | CCN
Interestingly enough, Hartnett says global investors are investing in bitcoin not because they see it as a safe haven asset in times of instability but because they are seeking high-risk, high-reward investments. He argues the effect of low-interest rates since 2008 on bond yields has left investors starved of profits, sending them into a global […]
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