Litigation Solicitors in London
The UK has a strong and fair judicial system; however, filing a lawsuit can lead to many financial challenges due to the high costs of accessing the legal system which can negatively affect the parties.
The Ministry of Justice carried out a recent review which found that litigation in the UK is extremely costly with some of these costs being disproportionate in certain areas. Due to this situation, more than 35% of UK adults have legal issues that are unresolved, many related to small claims and debt matters. It is estimated that the cost of settling these claims through the courts would be greater than the value of the actual claims.
In addition, the conditional fee agreements and event insurance arrangements that currently exist are insufficient because they often impose a disproportionate cost burden on the defendants. It has also been found that cost shifting does not guarantee that litigation expenses will be fully reimbursed due to limitations on the amount of money that the successful party can claim.
The Social Burden
The Center for Policy Studies has also revealed in its research that excessive litigation encourages the adoption of bureaucratic and defensive policies that stile innovation and professional autonomy. They also found that the current litigious culture has eroded trust in society and skewed the lines between what is acceptable and unacceptable behavior.
The Future of Litigation
Fortunately, many litigants are now agreeing to settle their claims out of court to avoid the extra costs and stress. The NHS has reported that, of the more than 60,000 lawsuits filed from April 2001 to March 2011, 45% of them were settled out of court, in addition to the claims that were abandoned by various claimants.
It is important for British citizens to remember that, if they have suffered wrong at the hands of an individual or an organization, it is their right to seek legal redress through the courts, even though this can be a costly process, both financially and socially. Fortunately, there are helpful litigation solicitors in London that can assist you in finding an acceptable and amenable solution to your legal situation out of court. If you would like to learn more about out of court settlements, contact StrainKeville today.