Pre-settlement expert advice
IM Asset Management provides pre-settlement advice to claimants of personal injury awards. Put simply, we advise solicitors and claimants on whether a periodical payment is attractive and how much, if any, of their claim should be settled by way of periodical payment versus a lump sum.
We are one of only a few firms who specialise in offering this kind of advice and have a proven track record of successfully advising claimants since periodical payments were introduced.
How does it work?
Our simple but effective process starts by analysing the potential size of the claimant's award, their life expectancy, future needs, objectives and present financial circumstances.
We then use our own financial modelling tools to decide upon how to best structure a claimant's award and then provide a full range of pre-settlement services including:
- Producing expert financial reports with detailed breakdowns and calculations to establish whether periodical payments or lump sums are the best option (these reports can be used by the Court if required)
- Meetings with claimants and their families to discuss in simple terms the advantages and disadvantages of the settlement options
- Meetings with all parties to discuss the most suitable option as contained in our expert report
- Attending settlement meetings to provide "live" advice on offers
Working closely with Irwin Mitchell Solicitors we have been at the forefront of many of the recent changes to personal injury case law, and we are committed to ensuring that our clients receive the best possible outcome.
Amongst the major cases our team has been involved in is the Flora case, which set the background to the recent Thompstone judgement.
Click here for more information about our pre settlement services.
