More than a quarter of people who have used “no win, no fee” claims firms either lost the case or were disappointed by the payout, says new research.
One in five of those who were disappointed received a lower payout than expected, according to the study from independent research company consumerintelligence.com.
Nearly three million people, or 6% of adults, in the UK have pursued “no win, no fee” claims in the past three years. Nearly half of these related to road traffic accidents.
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Jonathan Fisher KC highlights that it now accounts for around 40% of criminal offences, with roughly 70% involving technology, and argues that the UK cannot simply prosecute its way out of the problem. Detection, investigation and prosecution all require improvement, while different fraud types demand tailored responses.
