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JEFFREY SHAW, AT NETHER EDGE LAW
Commented on: 9 May 2019 13:11 GMT

What more do you need. Firms that run PI cases often enter into credit arrangement with medical agencies. This is because they do not recover medical fees until a case is won, and even then usually after soul destroying negotiations with an insurer or appointed costs handling agency.

To have £1M in WIP in would not be unusual to owe £750K to a medical agency. It is very often the case that medical report and associated fees for notes exceed profit costs in fact.

I hope that explains?

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