Research and Markets: United Kingdom Clinical Negligence Market Report 2020 - Over 2 Billion GBP Was Paid Out In CN Cases In 2019/20 - ResearchAndMarkets.com
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In 2019/20, the publisher estimates law firms earned revenue of around 1 billion GBP from CN cases. In 2019/20, law firm revenues rose by around 8.8%. However, once the cost of running cases where no damages were awarded on a no-win, no fee bases are factored in, net revenue to law firms drops some way below 1 billion.
Across the four nations of the UK, the publisher estimates that over 2 billion GBP was paid out in CN cases in 2019/20, covering damages, payment of claimant legal costs and payment of defence costs. This is little changed on the amount spent in 2018/19. One factor behind the slowdown in annual spending is the growing trend to settle high-value cases, where ongoing care is a feature, with a periodical payment order (PPO) rather than a lump sum payment. New CN case numbers ha