News Litigation Law firms ABS news Co-op’s LSA gambit casts pall on Pannone alliance By The Lawyer 10 April 2011 00:00 17 December 2015 15:07 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer City Gent 13 April 2011 at 18:34 By the time they get round to doing this there will be sod all profit in routine PI claims anyway. As I understand it, the new proposals are basically to bring back the old system, whereby up to 25% of damages is taken as a success fee. But when that scheme was last in force the PI industry didn’t exist to anything like the extent it does now. So in the same way that the ambulance chasers are now offering cash incentives for people to instruct them in PI claims the next step will be to reduce the 25% deduction. And as night follows day this will be competed down to 0% deduction. Which will leave virtually no profit at all. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.