Saga has this week extended its partnership with Parabis, to offer a range of legal services including fixed-price will-writing, estate planning, powers of attorney and conveyancing. Parabis, through its "Cogent Law" brand, has worked with both Saga and the AA since 2010, in providing a legal advice service.
The significance of the deal is that it takes place in advance of the Solicitors Regulation Authority's (SRA) decision on Saga's "alternative business structure" (ABS) application. Such a licence would allow Saga to provide legal services in-house.
A number of major brands and insurers are actively partnering with legal firms to secure an ABS licence. This will allow them to offer legal services and / or to help manage claims costs more effectively.
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