Irwin Mitchell plans to buy PI work from firms squeezed by Government reforms
Irwin Mitchell is planning to buy up books of personal injury (PI) work from other law firms in response to the Government's overhaul of the low-value claims system and its impact on PI profit margins. The firm hopes to acquire business from firms that may find themselves squeezed out of the market by the reform, which includes plans to cut fixed fees for claims processed via the new Claims Portal – previously known as the Road Traffic Accident Portal – from £1,200 to £500. The overhaul comes as the Jackson litigation reforms introduced in April are also likely to reduce work flows.
Irwin Mitchell is planning to buy up books of personal injury (PI) work from other law firms in response to the Government’s overhaul of the low-value claims system and its impact on PI profit margins.
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