UK Personal Injury Market Report 2023
The 8th annual edition of this report published in July 2023 (43 page PDF report).
Report Contents
RTA and industrial accident/injury claims increase in 2022. 5
Official Injury Claim portal – now two years old. 6
Some increase in market value in 2022 but mixed fortunes across the sector. 6
The main types of personal injury work. 8
The number of solicitors and legal companies. 10
MARKET DEVELOPMENTS AND DRIVERS. 11
January 2023 – Personal injury discount rate consultation. 13
Calls for evidence about PIDRs in Scotland and Northern Ireland. 13
Fixed recoverable costs apply from 1 st October 2023. 14
ABI appeal means compensation for mixed injuries still unclear. 14
Court of Appeal decision on deductions from damages. 15
MoJ consultation on medical reports. 16
Inquiry from MPs into the whiplash reforms. 16
Mergers, acquisitions and closures. 17
RTAs increase again in 2022 but still below pre-COVID levels. 27
Workplace injuries increased in 2021/22 following a low total in 2020/21. 28
Long term decline in serious workplace injuries but an increase in 2021. 29
Claims for criminal injuries increase in 2021/22. 30
Overall market growth in 2022 hides mixed fortunes for PI firms. 31
Volume of cases registered with the CRU well below pre-Covid levels. 31
Increase in total recoveries. 34
Number of PI claims heard in courts drops for the fifth year running. 35
CN claims closed increase again along with damages paid in 2021/22. 36
Official Injury Claim – two years since launch and still little use by individuals. 38
THE FUTURE 39
Forecasts 2022-2026
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