Hundreds of claims management firms have shut following the introduction of tougher laws, the government has said. The figures show the number of registered companies handling personal injury claims fell from 2,435 in March 2012 to 1,700 in June this year. Such firms pursue potential claims victims with "no-win no-fee" promises, and have even signed people up on the basis of a verbal agreement. The figures were released by the Claims Management Regulation Unit (CMRU). The unit, part of the Ministry of Justice, is responsible for regulating companies which handle claims and pursue cases for compensation.....Read more here