Transactions involving the Building Safety Act, leasehold and enfranchisement matters and where transactions present a conflict of interest are driving a 45% increase in referrals to fee-sharing scheme LawShare.
Launched by JMW in 2011, LawShare mirrors similar schemes like Connect2Law which was pioneered by Manchester’s Pannone Solicitors, offering firms a split of the fees for introduced work. The firm says it has recorded a 45% year-on-year increase in residential conveyancing referrals driven by higher risk matters.
Building Safety Act work, which anecdotally around half of firms have simply refused to take on, is part of this increase; as are situations where the firm is not on a lender’s panel, or where a conflict of interest prevents them from acting. Leasehold enfranchisement matters are also a growing area for the firm’s specialist team. And transactions that exceed firms’ professional indemnity insurance (PII) limit are also being referred to the longstanding referral and support network.
“We’re seeing a marked change in how conveyancing firms approach risk-heavy or restricted transactions. Understandably, many are stepping back from cases involving the Building Safety Act. Lawshare offers firms a safe, professional route to continue supporting their clients. Our 45% rise in referrals is testament to the trust firms place in us — and in the strength of the scheme.”
says Stuart Cartwright, Partner at JMW and Head of Lawshare
The firm says one of the draws of LawShare referrals is the non-poaching agreement, which ‘provides assurance that firms retain long-term control of their client relationships.’
“We built Lawshare to support, not compete with, other firms,”
added Cartwright.
“That’s why our non-poaching commitment is a cornerstone of the scheme. Firms know that referring a client to JMW doesn’t mean losing them — it means getting the right help at the right time, while safeguarding the relationship.”
Lawshare has over 750 member firms with the option to refer work in any area. The fee share scheme is free to join.
