Dreams: Express Solicitors Shares Truth behind 100% Compensation
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130408:nBw085713a WASHINGTON--(Business Wire)-- As the nation is faced with changes to personal injury legislation, Express Solicitors (http://www.expresssolicitors.com/), a national firm of fully accredited solicitors, has revealed an infographic to help people understand the truth behind the law change, and how it will affect future claims. The infographic explains a typical case study, showing what claimants would gain before the change, and what they will gain under the new law. Launched in line with the new Legal Aid Sentencing and Punishment of Offenders Act (LASPO), the infographic reveals the price people will pay, as solicitors can no longer recover their costs and offer 100% of the compensation gained from a successful case. The new law in force means that injured parties will see a 25% reduction rate in their compensation payout, as solicitors recover their costs. James Maxey, of Express Solicitors, said: "In any case, people are still able to apply for no win, no fee, it just works differently. Claimants will not be expected to pay any fees up front; their fees will be deducted from compensation gained; if they gain no compensation then fees will not have to be paid to the solicitor. It`s a similar concept, no win, no fee is still available. The new law just means 100% compensation isn`t available anymore." According to research undertaken by Express Solicitors, a typical small case claimant could lose out on over £1,300 under the new law. To make up for a loss, inflation rates will see a rise in compensation amounts by 10%, although the law change will still see people losing out on money. In 2010, a review took place by Lord Justice Jackson to prevent `spurious` claims from reaching the courts. His solution for this was to ensure that a claimant would have to pay up to 25% of the compensation they are entitled to back to their solicitor. The infographic can be viewed here: http://www.expresssolicitors.com/blog/accident-law-change-leads-to-less-compensation-6424 For more information on Express Solicitors, visit: http://www.expresssolicitors.com/. - Ends - This information was brought to you by Cision http://news.cision.com Chloe Rushworth 0113 3912929 email: email@example.com Copyright Business Wire 2013
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