Powered by Lexis+®
Jurisdiction(s):
United Kingdom
CASE STUDY

“I'm able to do more in the day, which means I'm providing more value to my clients - and it's helped my margins in terms of how much I can bill. LexisNexis is helping me make money.”

ParrisWhittaker

Access all documents on Fee sharer

Fee sharer meaning

What does Fee sharer mean?
In legal practice, a fee sharer is any person or organisation with whom an authorised firm agrees to share the professional fees it earns for legal services. Typical examples include another law firm on a joint retainer, a consultant or freelance lawyer engaged by the firm, an introducer/referrer under a permitted agreement, or an overseas firm involved in cross-border work. The term is descriptive rather than a concept defined in legislation or case law. It appears in regulatory rules and guidance on fee-sharing arrangements, referrals, and accounting (for example, under SRA, Law Society and Bar regulatory frameworks in England & Wales, Scotland and Northern Ireland, and the Law Society/LSRA in Ireland). Key legal features and practical considerations include: - Regulatory limits on sharing fees with unregulated persons - Prohibitions or restrictions on referral fees in some practice areas - Client transparency obligations (including clear, written terms and consent where required) - Independence, conflicts and best interests safeguards - Correct accounting treatment under accounts rules and appropriate VAT handling Usage of the term is broadly consistent across England & Wales, Scotland, Northern Ireland and Ireland, but the detailed permissions, prohibitions and disclosure requirements for fee-sharing arrangements vary by jurisdiction and practice area.
Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.

View the related Precedents about Fee sharer

PRECEDENTS
Referral and fee-sharing due diligence and approval record (non-personal injury) — SRA, England and Wales

1 Background information Introducer/fee sharer's name [ Insert name ] Financial and alternative terms of the arrangement [ Insert financial and/or other terms ] Person accountable for managing the relationship with this introducer/fee sharer [ Insert name ] Individual carrying out this due diligence review [ Insert name ] Date the due diligence review was completed [ Insert date ] 2 Compliance issues Is a written agreement necessary?...

Read More Right Arrow
PRECEDENTS
Personal Injury Referral and Fee Sharing Due Diligence Record: LASPO 2012 and SRA Compliance (England and Wales)

1 Background information Introducer/fee sharer name [ Insert name ] Financial and other particulars of the arrangement [ Insert financial and/or other terms ] Person accountable for managing the relationship with this introducer/fee sharer [ Insert name ] Person undertaking this due diligence exercise [ Insert name ] Date of the due diligence exercise [ Insert date ] 2 Personal injury compliance Will you be sent referrals for the purposes of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO 2012) or under the SRA Glossary? Yes (proceed with the remainder of Section 2) No (move on to Section 3) Does the referral arrangement require you to make any payments (including sharing your fees) for the purposes of LASPO 2012, s 56? Yes No If yes, are those payments: (A) for the referrals/the referral arrangement itself, or (B) given...

Read More Right Arrow