The Personal Injury Discount Rate (PIDR) *Updated 27 Sept 2024 The Personal Injury Discount Rate (PIDR) is used to assess lump-sum awards of damages – for future period lost earnings, pensions, and care costs. A review of the PIDR is underway and from January 2025, a new PIDR is likely Read more…
Effective use of Quantum Expert Witnesses in Serious Injury Litigation – Part 1 Watching (in horror, like many others) those parts of the Post Office Inquiry relating to Expert Witness evidence, has reminded me just how much time and effort good Expert Witnesses will have put into understanding their role, Read more…
In my previous blog on Seriously Injured Business Claimants, I explored how to keep an eye out for lost business opportunities and the use of career modelling for injury claims. By modelling different scenarios to present lost profit quantum in such circumstances. This follow-up blog shifts the focus to employed Read more…
Streamline Your Financial Evidence Gathering For Employed Claimants with Our Free Guide Gathering the right financial evidence in personal injury cases involving Employed Claimants can be overwhelming. To help you cut through the confusion and save time, we’ve created a straightforward guide: ‘A Guide to Gathering Evidence to Quantify Personal Read more…
Complexities of Business Claims A lot of my work on serious injury/fatal accident claims involves situations where a business is central to the claim. These can be complex cases. Unlike a claimant with a job (pay and a pension, maybe advancement, promotion etc), a claim involving a claimant who was Read more…
The Challenge of Pension Loss Calculations When handling personal injury (PI) and dependency claims, solicitors often face the complexities of calculating the pension loss. This part of a claim can be daunting due to the intricacies of different pension schemes, their unique rules, and how they interact with tax regulations. Read more…
In the world of forensic accounting and expert witness services, we believe it’s not just about numbers and reports. It’s about understanding the human side of the equation, especially cases involving personal injury and loss quantum. At Formby Forensics, our commitment to a personalised and empathetic approach was recently recognised Read more…
At Formby Forensics, our expertise in personal injury cases often leads to clients seeking our valuable second opinions on Earnings Loss Quantum. In these instances we conduct a thorough initial review of the evidence and provide timely preliminary advice, which can be followed up with a comprehensive CPR Part 35 Read more…
As Forensic Accountants we deal a lot with Pension Loss quantum calculations for Personal Injury and Fatal Accident Dependency claims. The Pension Loss topic typically lends itself well to White Label schedule drafting – and so the Court’s permission to use a forensic accountant, as your agent, to prepare the Read more…
Claimants with limited companies I have already noted the recent change to the taxation of company profits but there are other personal injury loss quantum issues with companies to be aware of. Earnings losses for claimants that trade through their own limited company, will typically be focused on the lost Read more…