I have real doubts whether the ban on PI referral fees will succeed in squeezing the ‘compensation culture’ genie back in the bottle.
Surely, if the Government ever find time to implement changes, all that will happen is that one or more large PI claimant firms will join (merge, acquire, be acquired) with one or more Claims Management Companies, form ABS’s and then continue as if nothing had happened?
No referral fees will be paid because everything will be in-house, but exactly the same TV advertising, ambulance chasing, and other marketing methods will be applied to bring in the PI work.
What is the point?