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06 February 2019
Issue: 7827 / Categories: Legal News , Legal services , Profession
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Bellwether highlights risks of pricing transparency

Service, speed & efficiency must take precedence over price

Many solicitors at small and independent firms reject regulators’ push for pricing transparency and believe cost-focused behaviour by clients will undermine their professional integrity, according to the latest Bellwether Research paper.

Some 71% of respondents said their work is compromised by ‘client demands and their consumerist behaviours’, while 58% believe that price-driven clients are impacting on the ability of lawyers to uphold the integrity of the law and provide the best service to clients.

When asked why they thought consumerist behaviour risks affecting professional integrity, 26% cited ‘reducing costs at expense of quality’, 5% said ‘client doesn’t realise skills dropping’ and 3% said ‘encourages unethical practices’. 

The Solicitors Regulation Authority (SRA) introduced new price transparency rules on certain services in December 2018. However, only 29% of solicitors polled are happy to publish prices and 32% reject the move. Only one in ten believes that transparency is a force for good.

One reason for this response is that clients often fail to understand the value of a service or the complexity of the work involved.

In one case, for example, a client asked how much it would cost to write their own letter but send it on the firm’s headed notepaper—the request was refused. Another client, according to Karen Purdy, director at Purdys Solicitors, ‘said of the cost of wills including a complex trust, “but it’s just words”! It is our job to explain how that piece of paper benefits that client and their family’.

More than 200 lawyers at small and independent firms across England and Wales were surveyed for the research, ‘The Changing Face of Law’, along with 12 in-depth interviews, published by LexisNexis this week. 

Jon Whittle, market development director at LexisNexis UK, said: ‘The internet has encouraged consumers of almost all products and services to be able to make quick and easy comparisons between providers and price is the easiest common denominator.

‘Most solicitors we surveyed believe that outcomes are the most important factor for clients when it comes to judging value for money. Service, speed, and efficiency follow, with price falling last.’

Issue: 7827 / Categories: Legal News , Legal services , Profession
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MOVERS & SHAKERS

Constantine Law—Anita Vadgama

Constantine Law—Anita Vadgama

New senior partner hire at consultant-led employment / regulatory law firm

Ward Hadaway—Emma Swann & Jill Donabie

Ward Hadaway—Emma Swann & Jill Donabie

Firm adds two partners to growing education practice

mfg Solicitors—Lauren Collins, Emily Stancer & Sara Southall

mfg Solicitors—Lauren Collins, Emily Stancer & Sara Southall

Trio of newly qualified solicitors strengthens Worcester office law firm

NEWS
NLJ's latest Charities Appeals Supplement has been published in this week’s issue
The treasury has sought to reassure the legal profession over concerns about cost, bureaucracy and independence when the Financial Conduct Authority (FCA) takes over regulation of anti-money laundering compliance
One out of two barristers has come under pressure from clients to act unethically, according to the results of this year’s Barristers’ Working Lives survey
The Court of Appeal has held the Competition Appeal Tribunal (CAT) was wrong to set aside a Competition and Markets Authority (CMA) decision on unfair pricing of phenytoin, an epilepsy drug
A flagship employment law reform is due to come into effect on 1 July, extending unfair dismissal rights to employees after six months in their job instead of two years
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