Solicitors Revenue-Forecasting Case Study

Abstract

In 2010 the UK government introduced civil cost reforms for low value road traffic accident claims via an internet based web portal service. The impact of this has been to drive down fees for low value RTA cases and has resulted in a fall in profitability for PI claims law firms. Further government proposals to reduce the portal fees combined with plans to include employers liability and public liability cases is now causing serious concern. Many solicitors are predicting significant cuts in profitability.