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Banks entering the legal services market in the UK

 Read the latest news on compensation in the UK

 Halifax all set to become the first major bank to enter the legal market [2nd November 2006]     Source - Law Society Gazette

The Halifax have launched a a legal service called "Halifax Legal Solutions" aimed at offering a wide range of services to the public.

The bank has more than two million customers and intends to use this powerbase to promote the new service and capture existing levels of business. They intend to offer "everyday legal products" at a lower cost than solicitors will charge. It is not known whether the services will include accident claims assistance.

The Halifax will have an infrastructure of legal professionals including solicitors, conveyancers etc to help provide the key legal advice areas. The bank are following hot on the heels of the AA, RAC and The Co-op who have been offering similar services for a number of years.                

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