UK Personal Injury Market Report 2024

The 9th annual edition of this report published in July 2024 (41 page PDF report).

Report Contents

EXECUTIVE SUMMARY. 5

Outline . 5

Market characteristics. 5

RTA claims dominate but numbers fall again, other claim numbers increase. 5

Official Injury Claim portal – three year anniversary. 6

Limited market growth in 2023 and a significant market recovery is unlikely. 6

Introduction. 7

Definition. 7

MARKET STRUCTURE. 8

The main types of personal injury work. 8

The number of solicitors and legal companies. 9

MARKET DEVELOPMENTS AND DRIVERS. 10

Overview.. 10

Second review of the personal injury discount rate in England and Wales. 12

Separate reviews of the PIDR in Scotland and Northern Ireland 12

Response to FRC consultation but date for implementation still in the air . 1 5

Report on OIC suggests more research on why individuals not using the service. 13

Ministry of Justice investigating why claims are stalling in OIC. 14

Supreme Court decision in mixed injury test cases – a boost for claimants . 15

Voluntary code of conduct covering AI in claims. 16

Call for evidence as part of whiplash tariff review . 16

Dramatic fall in the number of claims management companies. 16

THE KEY PLAYERS. 17

Mergers, acquisitions and closures. 17

Key players. 18

Admiral Law Ltd. 18

Bond Turner Ltd. 19

Bott & Co Solicitors Ltd. 19

Carpenters Ltd. 20

CFG.. 20

DLG Legal Services Ltd. 21

Express Solicitors Ltd. 21

First4Lawyers. 22

Fletchers Solicitors Ltd. 22

Neil Hudgell Ltd. 23

InjuryLawyers4u. 23

Irwin Mitchell 23

Leigh Day. 24

Minster Law Ltd. 24

NAHL Group. 25

ZIGUP/NewLaw Solicitors. 26

Simpson Millar LLP. 26

Slater and Gordon Lawyers. 27

Stewarts Law LLP. 27

Thompsons Solicitors LLP. 28

Winn Solicitors Ltd. 28

MARKET SIZE AND TRENDS. 29

RTAs fall in 2023 but serious injuries same as 2022. 29

Workplace injuries down in 2022/23. 30

Workplace accidents and injury claims decline. 30

Claims for criminal injuries increase again in 2022/23. 31

Modest market growth in 2023. 31

Volume of cases registered with the CRU falls but settlements increase. 32

Number of PI claims heard in courts drops for the fifth year running. 35

Official Injury Claim – three years on there is still little use by individuals. 36

THE FUTURE. 36

No sign yet of a significant market recovery. 36

Market forecasts 2023-2027. 38

Associations38