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 ID: 647863
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Slide1
THE FUTURE OF MOTOR LITIGATION
Niall Edwards, Partner
September 2017Slide2
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
…
Steppin
g back from it all - Timelines
Civil Reforms – Forcing Change, constantly
Technology – Driving Change
Brexit – Little Change!Slide3
Don’t Worry, Be Happy !
Slide4
Always Look on the Bright Side of Life !
Slide5
… but be Prepared…
Slide6
… Change is Inevitable…
(embrace it if you can!)
Slide7
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 CMCsSlide8
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 deadlineSlide9
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 RatesSlide10
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 CARSSlide11
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 REFITSlide12
THE FUTURE OF MOTOR LITIGATION
Any Conclusions?Slide13