PICAS Plus: Essential Stats for SolicitorsBy Joe Pendle | April 8, 2013
Time is of the essence for solicitors now that the 'Jackson Reforms' — the United Kingdom’s new litigation rules — are in effect. Efficiency is of paramount importance. In today’s environment, you need to achieve fair settlements faster, and PICAS Plus can help. The automated claim negotiation tool from ISO streamlines the settlement process, resulting in a dramatic reduction in the life cycle of a claim.
Based on our clients’ experiences with PICAS Plus, we’ve seen:
- a 50-day decline in the life cycle of a claim (relative to business as usual)
- 40 percent of cases settling automatically, either immediately or upon counteroffer
- a 50 percent drop in stage two claim life cycles — from 24 days to 12 days
- 80 percent of cases requiring handler review are for special damages of which many are fully documented
The advantages are clear, particularly post-Jackson.
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