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Winn-win situation?

With a prominent personal injury practice now owned by a charitable trust, John van der Luit-Drummond wonders if law firms should be more cautious who invests about who invests in their businesses

8 October 2014

The public perception of personal injury lawyers has perhaps never been lower than it is right now. While the fat-cat caricature of lawyers, especially those that practise in the field of personal injury, is far from a modern construct, the idea of a compensation culture fuelled by unscrupulous solicitors has increased exponentially since 1986, when the Law Society first permitted lawyers to advertise.

Despite evidence to the contrary that such a compensation culture even exists in the United Kingdom, let alone one that is on a par with the goliath industry that thrives in the United States, the insurance industry has gone to great lengths to ensure that politicians denounce the work of claimant solicitors and their clients as both frauds and charlatans.

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