Challenging times ahead for both law firms and claimants in the Personal Injury Market
Widespread changes to personal injury sector are being rolled out throughout the month of April. Recent predictions have forecast that as many as 20% of law forms in the North-West of England who specialise in personal injury may be forced to close as a direct result of these changes. It remains to be seen whether this will happen across the county but what is for sure is that the personal injury sector is under threat and the weaker firms will undoubtedly not survive.
Whilst there appears to be little support for solicitors within the media, and perhaps from the public at large, the truth is that people will soon find that it is a lot harder to claim compensation.
At this stage it is impossible to quantify the effect that these changes will have but claims that as many as 100,000 jobs will be lost over the next year may not be too wide of the mark. The firms who do remain doing personal injury work will need to spend vast sums of money on marketing their services. Unfortunately, this outlay will mean that many firms will be forced to employ young and inexperienced staff to deal with a high volume of personal injury work to ensure that the work is cost effective do.
Here at Vincents Solicitors we do things differently. Your claim will be handled by one of our expert team and you will be able to speak to a solicitor whenever you need. Whilst we recognise that this is a challenging time for all concerned we are committed to ensuring that fair access to justice system is maintained.