Referral arrangement meaning

This Practice Note This Practice Note sets out the systems and controls to consider when your firm receives personal injury (PI) referrals, so you can spot banned PI referral arrangements and ensure compliance with the statutory and regulatory framework for any PI referral arrangements you regard as permissible. It reflects the SRA Standards and Regulations and the underlying statutory scheme—the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO 2012). For guidance on referrals made by your own firm, see subtopic: Introductions to third parties for complementary information. Not every PI referral arrangement to your practice that involves payment is unlawful in every circumstance. See Practice Note: Personal injury referral arrangements—SRA requirements—Statutory regime, which outlines the statutory scheme and how the SRA applies it. See also Practice Note: Personal injury referrals—SRA examples, flowchart and guidance. For guidance on the SRA’s general requirements concerning referral arrangements (including PI referral arrangements), see Practice Note: Referral and fee sharing arrangements...

This Practice Note sets out the SRA’s expectations for personal injury (PI) referral arrangements. It mirrors the SRA Standards and Regulations, aligns with SRA guidance, and the statutory scheme in the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO 2012). For SRA rules on referral and fee sharing (including PI), see Practice Note: Referral and fee sharing arrangements. If you think your PI referral arrangement includes an unlawful referral fee, you should: end the arrangement, or amend the arrangement to remove the unlawful fee and ensure compliance with relevant SRA requirements Statutory regime PI referral fees are prohibited in almost all situations. LASPO 2012 created the overarching legislative framework for the PI referral fee ban. Front-line regulators, such as the SRA and the Financial Conduct Authority (FCA), implement it. Certain powers are reserved to the Lord Chancellor to make secondary regulations. Who is within scope of LASPO 2012? LASPO 2012 applies to regulated persons. This includes those authorised...

This Practice Note sets out what law firms and solicitors must do under the SRA Code of Conduct for Solicitors, RELs, RFLs and RSLs (the Code for Individuals) and the SRA Code of Conduct for Firms (the Code for Firms) regarding referrals and fee‑sharing arrangements. The SRA’s core regulatory obligations concerning referral and fee‑sharing arrangements are contained in the two Codes of Conduct, which should be read carefully and applied properly in the context of the SRA Principles (SRA Principles). It also reflects current SRA guidance, which is concerned almost entirely with personal injury referral fees. It addresses scenarios in which a third party sends clients to you and/or you make a formal fee‑sharing arrangement with a third party. A different Practice Note covers occasions when you put clients in touch with third parties—see the Practice Note: Introductions to third parties. SRA Principles The SRA Principles describe the high ethical benchmarks required of everyone professionally regulated by the SRA. They are compulsory and require you...

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?...

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...