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The government should consider strengthening the fining powers of the Solicitors Regulation Authority and lowering the burden of proof in cases that reach the Solicitors Disciplinary Tribunal as part of the reforms needed to combat insurance fraud, a major report has recommended.

Quindell plc is outperforming its two closest alternative business structure comparators – Slater & Gordon and NewLaw Solicitors – the AIM-listed company has told the market. Quindell also insisted that its model complies with the referral fee ban.

The Solicitors Regulation Authority has launched “forensic investigations” into 10 law firms that may have breached the personal injury referral fee ban, in a move that will be seen as a warning to the profession. Meanwhile, 141 firms without indemnity insurance are heading for closure.

The Solicitors Regulation Authority has issued its first warning notice over the way personal injury firms are dealing with the referral fee ban. It highlights concerns that some solicitors are so busy ensuring they do not breach the ban that they are failing to consider their wider professional duties.

The ban on referral fees in personal injury is set to cost Admiral Insurance around £15m this year, it emerged yesterday. The insurer also said its two new ABS joint ventures are “not expected to make a material contribution to group profits in the foreseeable future”.