Analysis

Consolidation of PI law firms poses new classes of risk for insurers

By Jon Guy 2023-05-11T08:00:00

consolidation, fishes

Increased demands for profit at consolidated claimant law firms will come ’at the cost of the insurance industry and its clients,’ says partner

Rapid consolidation in the UK’s personal injury lawyer market could be set to deliver new challenges for the insurance sector.

As the insurance industry looks to fight its corner with the Ministry of Justice (MoJ) on its proposals to implement changes to the way injury awards are calculated, personal injury (PI) law firms are undergoing a round of consolidation.

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