Routinely inflating success fees to get the magic 25% is courting disaster, warns Jeff Zindani
I have presented a series of seminars on the business consequences of the Jackson reforms and have probably lectured to more than 200 lawyers, many of whom are partners or directors in small to medium sized personal injury firms.
A year into the reforms, my concern has been not with the politics of the reforms (what is happening at the coalface is more important), but making sense of how they affect personal injury practices and how they are responding to the changes. My overall message is that personal injury work for claimant lawyers can still be profitable, but firms must “retool” to cope with the largely fixed costs landscape.
Much of this is set out in my book with Professor Dominic Regan on Surviving Jackson (2013, Sun Legal Publishing). In the words of Peter Drucker: “The organisations likely to suffer the most are those with the delusion that tomorrow will be like yesterday.”
I am upbeat about this area
