As a firm bsed in Northern Ireland, we have clients on both NI/UK and Ireland. We've taken to decision not to engage any new clients based in Republic Of Ireland and we have spoken to a few firms in Ireland who are happy to accept referrals. We still get active enquiries and will be passing these leads on.
Anyone have an arrangement for referral fees in a similar situation?
Options would include:
- Flat rate referral charge - what level does anyone else use? £50? £100?
- Portion of year 1 fee - 5%, 10% , something else?
I would imagine the first option is much easier to manage for both parties but unsure of a suitable level. Anything over £100 seems excessive to me.
Obviosuly a disclaimer would be wise when referring the lead/prospect on and we can easily put this in place with a common email paragraph.
Any help/comments greatly appreciated.