In 2019/20, IRN estimate law firms earned revenue of around £1 billion from CN cases. However, once the cost of running cases where no damages were awarded on a no win, no fee bases are factored in, net revenue to law firms drops to below £800 million. Across the four nations of the UK, IRN Research estimate that over £2 billion was paid out in CN cases in 2019/20, covering damages, payment of claimant legal costs and payment of defence costs.
Annual expenditure increases have slowed recently. Even with a slowdown in annual expenditure, there is likely to be continued high levels of spending on CN cases in the future