Changes to personal injury industry imminent
Next week the third and final set of changes under the Legal Aid, Sentencing and Punishment of Offenders (LASPO) Act will be implemented.
The changes primarily involve the extension of the MoJ Web Portal to include higher value road traffic accident claims of up to £25,000 as well as employer liability, industrial disease and public liability claims of up to the same value.
Fees for these cases will be as follows:
|Road traffic accident claims between £10,000 and £25,000||£800 in total|
|Employer liability / Public liability claims up to £10,000||£900 in total|
|Employer liability / Public liability claims between £10,000 and £25,000||£1600 in total|
When these changes were first announced the Law Society as well as many personal injury solicitors voiced their concerns surrounding the potential impact it could have on law firms for whom, even under the current structure, profit margins are minimal. As a result solicitors may have to consider how they will make up for this financial deficit.
Content correct at time of publication