Clyde & Co welcomes ‘clarity and consistency’ in updated Green Book
Northern Ireland’s new Green Book will provide “more clarity and consistency” in personal injury awards, Clyde & Co has said.
The global law firm recently welcomed senior insurance leaders to its Belfast office to consider the likely impact of the changes published in the sixth edition of the Green Book.
In an analysis published on its website, the firm said: “The obvious takeaway point is that the new guidelines will provide more clarity and consistency in compensation for awards for personal injury cases in Northern Ireland. We anticipate this will assist parties and their legal advisers in resolving claims more quickly and fairly.
“Overall, we do not expect further significant increases in compensation awards — save in claims where the new guideline figures exceed the standard 25 per cent increase — given that the new Green Book focuses, as previous editions have done, on the effect of prices inflation over time and given that more recent awards have been in line with that trend in any event.”