Winn Group sells 60 per cent stake to outside investors to drive growth

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  • Impressive given the changes that are due to impact upon this legal market.

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  • Winn's prediction that there will be no more than 5/6 firms conducting 70% of all domestic claimant personal injury cases, seems spot on. Moreover I suspect, they will lead the charge in respect of RTA matters, no matter what happens with the proposed (or not) increase in the small claims court limit. More worryingly, for Winn's competitors , whose main area of play is EL/PL/Clinical negligence claims, if they decide to circle that space, they will undoubtedly be equally successful as they have been in RTA cases. Very worrying times for others I would suggest!?

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  • Winns attempt to monetize the whole process with fingers in every pie. Their attempts at getting psychiatric fees in low value cases have proven less successful recently as insurers across the board are starting to successfully challenge that particular business model!

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  • In response to the post of Gareth Porrit above. Firstly can I sat I am in no way Connected to Winn, nor his firm, nor have I ever been. The reality is the claims supply chain and processes involved, are hugely disparate, fragmented, and inefficient, all of which means the paying Defendant Insurer is paying more out in claims costs than it might be, if claimants adopted an integrated supply chain model. This can be only be done, by achieving scale and processes that streamline the whole process, making it more efficient, through better use of IT infrastructure, and appropriately qualified staff to undertake the various parts of the claim to see it to conclusion. Defendant Insurers benefit also. The bigger issue is, this sector is , and has to consolidate, given the regulatory regime as it is, and as it will be going forward. Only those firms with sufficient capital, and a strong balance sheet, will now be able to play in this sector. The rest of the firms who dabbled in PI, making money for nothing, with little expertise will fall away, through administration or sale to the likes of Winn et al!

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