rcFebruary 1, 2021
Medico-Legal and Services Market
Medicolegal is the term, which incorporates the basics of two sister professions i.e. Medicine and Law. Everybody talks about the law but few, aside from lawyers, judges and law teachers, have more than the vaguest notion of what constitutes law.
A medico-legal report may be seen by a diverse, non-medical audience. Once prepared, the report may be used as evidence in court proceedings and subjected to close scrutiny. A structured and comprehensive medico-legal report may minimize the chances of having to give evidence in court.
The main companies operating in the Medico-Legal and Insurance Services market generated a turnover of almost £500 million in 2019. The overall market, including payments to individual, freelance and self-employed medical experts and case managers as well as MLIS companies is estimated at over £700 million in 2019, a rise of just over 1% compared with 2018. The rate of growth in the market has noticeably slowed since 2017, with any growth driven by the high-end catastrophic injury segment of the market.