2nd Mar 2021 21:40
NAHL Group PLC - Northamptonshire-based legal services provider - Says has been planning handling of low-value road traffic accident claims since 2015. Notes UK government re-confirmed its intention to implement reforms relating to the handling of low-value road traffic accident. Says these reforms were first announced in the November 2015 Autumn Statement. The changes are not retrospective and will only apply to RTA accidents occurring on or after May 31, 2021. The reforms introduce fixed tariff damages for RTA whiplash claims and increase the size limit of claims managed through the RTA small claims track from GBP1,000 to GBP5,000. As a result, the potential damage awards and associated costs from claims managed through the RTA small claims track will be lower. This change is therefore expected to reduce some law firms' fees from such RTA cases.
"Its focus on the unaffected non-RTA claims, along with the progress it has made with its personal injury business transformation strategy, means it is well positioned for these industry changes and to grow market share," company adds.
Current stock price: 41.35 pence
Year-to-date change: down 9.1%
By Paul McGowan; [email protected]
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