Did you know we can offer Cost Advanced Funding for Law Firms.
Gain access to funds tied up in lengthy costs while staying fully compliant
with SRA client money rules and banking terms.
According to the Mirror Negligence claims in England have risen four-fold in 10 years to £1.6 billion in 2016 to 17, with failings during childbirth accounting for then two-thirds of this cost.
Although on average maternity incidents only make up 10% of claims, they usually account for half of the cost of pay outs.
This is because mistakes made in childbirth can cause brain damage and leave an infant with lifelong care costs, which NHS trusts become liable for.
Claims are often made decades later as families may not realise they are entitled to compensation and assessments over life-long care needs must sometimes be made once a patient is older.
In the past five years, the Department of Health has paid out £152 million, including legal fees, to victims of mistakes made before April 1995 in England. Read More here https://www.mirror.co.uk/news/uk-news/medical-blunders-cost-taxpayer-70million-11890957
If you are a Law Firm specialising in Negligence then contact Funding Support Solutions our cost advanced funding can ease the burden of funds tied up in lengthy costs.
Telephone 01384 413264