The Office of Fair Trading (OFT) is considering a review of the 'no-win, no-fee' personal injury industry, according to reports.
The OFT cited concerns over the level of fees paid to lawyers and insurers operating in the sector.
The move comes after last week's collapse of claims firm, The Accident Group (TAG), and the high-profile collapse of Claims Direct three months ago.
Jonathan May, director of the OFT's Markets and Policy Initiatives division, said the OFT would decide on the review's scope within the next "two or three months".
