Finders Welcomes New Freedoms For Solicitors To Practice In The Interest Of Their Clients

Industry: Adoption & Foster Care, Genealogy

Finders, the international probate genealogy firm, today welcomed the announcement of new freedoms for solicitors in the way they run their practices. The Solicitors Regulation Authority has launched a consultation exercise on a new handbook and code of conduct for solicitors, which will simplify the way solicitors are regulated, moving towards a system of Outcomes Focused Regulation.

UK (PRUnderground) May 27th, 2010

Finders, the international probate genealogy firm, today welcomed the announcement of new freedoms for solicitors in the way they run their practices. The Solicitors Regulation Authority has launched a consultation exercise on a new handbook and code of conduct for solicitors, which will simplify the way solicitors are regulated, moving towards a system of Outcomes Focused Regulation.

This means that solicitors will be considered to be complying with their code of conduct provided they produce the right outcomes for their clients. The changes take effect in October 2011 and will be accompanied by the introduction of the procedures for Alternative Business Structures, which allow lawyers and non-lawyers to combine in the ownership of firms delivering legal services.

Finders’ Managing Director Daniel Curran said that this was good news for solicitors and consumers employing the services of professional probate genealogists.

Commenting, Finders’ Managing Director Daniel Curran said:

“These changes are consistent with a range of measures designed to liberalise the legal services market and are consistent with Finders’ vision for choice and flexibility in probate genealogy services.

“Finders specialises in helping clients – lawyers, trustees, executors or administrators and personal representatives – through the often formidable task of identifying and tracing heirs and locating missing or unknown beneficiaries.

“There is a certain art to the work undertaken by professional probate genealogists framed by training, experience and expertise. Finders works with Administrators of estates to provide a bespoke service, which includes reaching a fee agreement best suited to the needs of the consumer.

“Solicitors should be confident that, by retaining choice in the fee structure to be used for probate genealogy services, they are acting in the interests of their client and enabling the best outcome for them.”

Daniel Curran added:

“Choice of fee option is vital to a healthy and competitive market. A good firm of probate genealogists will be keen to find the best fit for the consumer, and will be able to discuss a variety of fee options and costing methods.
“Contingency fee arrangements are currently the most popular fee option, as the genealogist’s fees are not charged to the estate, whether or not a missing beneficiary is located. Other fee options include the ‘budget’ fee, the fixed fee, the estate/trust agreement and the hourly rate.

“Contingency fee arrangements may not always be the most appropriate, or the most cost-effective, method of charging in every circumstance. However, they provide customers with a wider choice of fee option, and can carry less financial risk than some other options for the estate, and for beneficiaries. They remain an important option for consumers, and are permitted under the law. The development of Outcomes Focused Regulation by the Solicitors Regulation Authority should increased solicitors’ confidence in turning to contingency fee arrangement where this is in the client’s best interests.

“If contingency fee agreements were not available, there would be cases where a search for a missing heir is simply not undertaken, and others where the estate of known heirs is used up in fees paid for searching for missing heirs. This would restrict consumer choice and ultimately the consumer would suffer.”

The overwhelming majority of the probate genealogy market offers contingency fees as one of a range of payment options, reflecting consumer demand for a choice of affordable options.

Daniel Curran said:

“We believe that probate genealogist should allow consumers to be in the driving seat when it comes to fee options. Irresponsible scare stories in the media claiming that contingency fees are not allowed are fundamentally anti-choice and anti-consumer and should be rejected as such.”

About

Become a Fan

Press Contact

Name
Samina Ansari
Phone
+44 (0)20 7067 0325
Email
sansari
8f48c81f4e1b665e7e69e3816c187c89
@webershandwick.com
Website
http://www.findersuk.com

Image Gallery

Website