Product Launch
October 05 2000 - 3:00AM
UK Regulatory
RNS Number:0550S
Claims Direct PLC
5 October 2000
CLAIMS DIRECT LAUNCHES
NEW FUNDING PRODUCT TO IMPROVE ACCESS TO JUSTICE
Claims Direct Plc ("Claims Direct"), the UK market leader in
personal injury compensation, today announces the launch of a
new funding product for solicitors designed to improve Access
to Justice.
Accident Assist
The removal of Legal Aid for personal injury compensation
cases has placed significant strain on the financial resources
of many solicitors who were previously dependent on this
funding when processing cases. Accident Assist is an
innovative yet simple funding initiative that provides up to
#1,500 of funding for solicitors for each personal injury case
processed. Accident Assist will benefit Claims Direct's
clients by providing their solicitors with an effective
replacement for the Legal Aid safety net making it easier for
their personal injury cases to be accepted.
Two major UK Financial Institutions have expressed willingness
to provide funding for this initiative which will provide
solicitors with an additional work in progress funding source.
By providing the means to obtain this extra funding, Claims
Direct will access a much wider market area as solicitors will
be entitled to apply for Accident Assist regardless of whether
or not they operate within the Claims Direct panel. In
addition, it will be a condition of the scheme that the Claims
Direct Protect insurance policy is used for all claims.
The Accident Assist service from Claims Direct meets the
Government's call for ingenuity and innovation to support its
effort in providing access to justice for all members of
society.
Colin Poole, Chief Executive of Claims Direct, commented
"The changes to the Legal Aid system have made it more
difficult for those on lower incomes who have suffered from an
accident as a result of negligence to make a claim. We
believe that Accident Assist makes it easier for solicitors to
represent these kinds of cases and promotes Access to Justice
for all."
"This initiative demonstrates Claims Direct's commitment to be
at the forefront of innovative developments designed to
enhance its already successful formula for providing Access to
Justice in personal injury compensation cases."
For further information, please contact:
Claims Direct Plc 01952 284800
Colin Poole, Chief Executive
Paul Doona, Finance Director
Golin/Harris Ludgate 0207 253 2252
Reg Hoare
Victoria Martin
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