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THE FUTURE OF MOTOR LITIGATION

THE FUTURE OF MOTOR LITIGATION. Niall Edwards, Partner. 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

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THE FUTURE OF MOTOR LITIGATION

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  1. THE FUTURE OF MOTOR LITIGATION Niall Edwards, Partner

  2. 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!

  3. Don’t Worry, Be Happy ! 

  4. Always Look on the Bright Side of Life ! 

  5. … but be Prepared… 

  6. … Change is Inevitable… (embrace it if you can!)

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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

  12. THE FUTURE OF MOTOR LITIGATION • Any Conclusions?

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