Many of the changes in the world of personal injury claims that have been the subject of previous Blogs are now in place.
We are now in a much better position to assess how these changes will affect our future client’s who want to bring a claim for injuries suffered as a result of an accident that wasn’t their fault.
In the past we have dealt with many of our client’s claims on the basis of a conditional fee agreement (No win, No fee agreement). This type of agreement provides for a success fee which until the beginning of April was recoverable from the other side in a successful claim. From the beginning of April this is no longer the case.
The success fee in a conditional fee agreement is now recoverable out of the client’s damages where the claim is successful. At Wanstalls we have decided that where our client has an appropriate case we will deal with it on the basis of a conditional fee agreement without a success fee.
In this way we hope to be able to provide the majority of our client’s with funding for their claim without a success fee being deducted from their damages.
In the past to protect our client’s from the other side’s costs we have taken out an insurance policy called ATE insurance. The premium for the policy was recoverable from the other side in a successful case but this is no longer the case.
The premium for ATE insurance is now recoverable from the client out of their damages in successful case. The insurers who provide ATE insurance have responded well to these changes and now provide policies at much reduced rates.
No one should be put off making a claim because of these changes, if you have been involved in an accident that wasn’t your fault give Wanstalls a call so we can discuss with you in detail the changes, without obligation. At Wanstalls we are confident that we can provide the most favourable funding arrangements for your personal injury claim.
Whether you are a driver, passenger, motorcyclist, cyclist or pedestrian involved in a road traffic accident it is highly likely that your claim will be dealt with via the electronic system used for these types of claims.
There are further changes that come into force on the 30th April with regard to the solicitors costs payable for claims dealt with within the electronic system. The costs that a solicitor receives for dealing with a claim in the electronic system will reduce from £1,200 to £500.
It is quite likely that many firms of solicitors will no longer feel that it is economic to deal with these types of claims due to the reduced fees. The good news is that at Wanstalls we will still deal with these types of claims and provide the high level of service that we always have.
If you have been involved in any type of road traffic accident that wasn’t your fault give Wanstalls a call on 0191 375 3938.
Despite the reduction in fees at Wanstalls it is still business as usual!