Referral and fee sharing arrangements


Published by a 老司机午夜福利 Practice Compliance expert
Practice notes

Referral and fee sharing arrangements


Published by a 老司机午夜福利 Practice Compliance expert

Practice notes
imgtext

This Practice Note reflects requirements for law firms and solicitors in the SRA Code of Conduct for Solicitors RELs and RFLs (Code for Solicitors) and the SRA Code of Conduct for Firms (Code for Firms) in relation to referral and fee sharing arrangements.

The SRA's core regulatory requirements in relation to referral and fee sharing arrangements are found in the two Codes of Conduct, which should be read in the context of the sra principles (SRA Principles).

This Practice Note also reflects SRA guidance (which relates almost exclusively to personal injury referral fees).

This Practice Note deals with situations where a third party refers clients to you and/or you enter into a fee sharing agreement with a third party. There is a separate Practice Note for situations where you introduce clients to third parties鈥攕ee Practice Note: Introductions to third parties.

SRA Principles

The SRA Principles set out the ethical standards expected of all those regulated by the SRA. These are mandatory and require you to act:

  1. 鈥

    in a way that upholds the constitutional principle of the rule

Powered by Lexis+庐
Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Requirements definition
What does Requirements mean?

A DCO should include 鈥淩equirements鈥 to which the development authorised by the DCO is to be subject. Similar to planning conditions, a requirement specifies the matters for which detailed approval needs to be obtained before the development can be lawfully begin.

Read more readmore

Popular documents

What is a legal entity identifier (LEI) and does my law firm need one?

What is a legal entity identifier (LEI) and does my law firm need one?What is a legal entity identifier?A legal entity identifier (LEI) is 20-character code that is unique to the entity it is allocated to. Once issued, a LEI stays with the entity throughout its existence. LEIs are registered on a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Late payment penalties鈥攊nheritance tax

Late payment penalties鈥攊nheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT鈥攑ayment deadlines on death鈥擨nterest on IHT and Interest on late paid

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit