1. Don't believe 1 side (any side) when they seek to value a claim. Particularly when they are on a %age of whatever they manage to get. "Conservative" average of £4,000? In their dreams.
2. A bit of law that desperately needs to change. Because it is being abused, particularly by consumer "champions". A percentage should be exactly what it says on the tin. £X per £100X. That's what a percentage is. Per centum is per 100. When someone is seeking a fee of "50% + VAT" that is not 50%. It is 60%. No-one dealing with consumers, where the business is VAT-registered, should ever be quoting excluding VAT.
Suppose for a second this claim goes well. And suppose the average claim is worth £1,000 (because someone who bought a new Mercedes, all things being equal, is going to get more than average, and someone who bought a 3-yr-old Hyundai less).
And suppose an individual firm of Solicitors is acting for 10,000 claimants (sounds like some will be acting for more). Who will be doing a lot of work, paying experts, barristers etc
Average amount per person who suffered the loss? £400 Amount for the firm of Solicitors? £6 million
"Does the Government Claim they have been cheated, they set the limit."
Who is out of Pocket! regard cost due to this scenario. Should we all be compensated for breathing it the polluted air that was (legal the year before) but not now. Mm! or just the car owners..... hic!
Comments
https://www.standard.co.uk/news/crime/high-court-dieselgate-renault-english-mercedesbenz-b1163733.html
1. Don't believe 1 side (any side) when they seek to value a claim. Particularly when they are on a %age of whatever they manage to get. "Conservative" average of £4,000? In their dreams.
2. A bit of law that desperately needs to change. Because it is being abused, particularly by consumer "champions". A percentage should be exactly what it says on the tin. £X per £100X. That's what a percentage is. Per centum is per 100. When someone is seeking a fee of "50% + VAT" that is not 50%. It is 60%. No-one dealing with consumers, where the business is VAT-registered, should ever be quoting excluding VAT.
Suppose for a second this claim goes well. And suppose the average claim is worth £1,000 (because someone who bought a new Mercedes, all things being equal, is going to get more than average, and someone who bought a 3-yr-old Hyundai less).
And suppose an individual firm of Solicitors is acting for 10,000 claimants (sounds like some will be acting for more). Who will be doing a lot of work, paying experts, barristers etc
Average amount per person who suffered the loss? £400
Amount for the firm of Solicitors? £6 million
I know. The Solicitors are all heart
Who is out of Pocket! regard cost due to this scenario. Should we all be compensated for breathing it the polluted air that was (legal the year before) but not now.
Mm! or just the car owners..... hic!