The Future of Motor Litigation - Navigating Change in the Legal Landscape
Exploring the shifting dynamics in motor litigation, from technological advancements to regulatory reforms. Delve into the evolving roles of insurers, handlers, and brokers in this ever-changing legal environment. Gain insights into the impact of Brexit and embrace the inevitability of change while preparing for the future of motor litigation.
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THE FUTURE OF MOTOR LITIGATION Niall Edwards, Partner September 2017
INTRODUCTION THE FUTURE OF MOTOR LITIGATION What could it all mean for me, for Insurers, for Handlers, for Brokers? The jaded perspective of a Defendant Motor Lawyer Stepping back from it all - Timelines Civil Reforms Forcing Change, constantly Technology Driving Change Brexit Little Change! 2
Change is Inevitable (embrace it if you can!) 6
MY PERSPECTIVE YOUR PERSPECTIVE - OF TODAY Consolidation - A smaller Pond, with bigger Fish, who are International Saturation - Tighter Margins, Lower Fees MI and KPIs, Reports and Analysis Changing role legal work I should not or need not do IT and Comms are Pervasive in Everything can they lessen the load? The Demise of the Claimant Lawyer ABS and CMCs 7
TIMELINES HOW DID WE GET HERE AND WHAT HAPPENS NEXT? Previously - The Civil Procedure Rules 1998, Previous Court Track changes, Claimant Costs of old, Costs Reforms, the MoJ Portal, Medco, QOCS Effects of ALL the above still playing out Jun 2016 BREXIT / Also EU VNUK Roadmap Jan 2017 LASPO Review starts Feb 2017 Vehicle Technology & Aviation Bill (driverless cars) Feb 2017 Mad decision on Discount Rates Feb 2017 Govt Response to Whiplash Reform consultation Mar 2017 Great Repeal Bill Apr 2017 VNUK consultation closes (REFIT review of EU Motor Directive later) July 2017 Fixed Costs review closes (Fixed Costs for mostly everything) Apr 2018 LASPO Review finishes (Track changes on the horizon) Mar 2019 BREXIT deadline 8
CIVIL REFORMS THE FUTURE OF MOTOR LITIGATION Motor Claims always first on the receiving end Track changes Injury claims in the Small Claims Track Tariffs for soft tissue and then other injuries LIPs (Litigants in Person) and CMCs (Claims Management Companies) Fixed fees for litigation even for very valuable claims Discount rates / Interest Rates 9
TECHNOLOGY THE FUTURE OF MOTOR LITIGATION Online Dispute Resolution The Internet of Things / The Customer Telematics and Data Artificial Intelligence The Innovations War / Looking at Success Stories in other Sectors Motor Insurers / OEMs / Disruptors DRIVERLESS CARS 10
BREXIT THE FUTURE OF MOTOR LITIGATION The Great Reform Bill No bonfire of the regulations . FCA Striving for Equivalence Telematics, Data, Car Safety, Driverless Cars VNUK and REFIT 11
THE FUTURE OF MOTOR LITIGATION Any Conclusions? 12
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