Personal Injury law essay sample

Personal Injury

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Report Sample

Law, PROFESSIONAL PRACTICE RESEARCH REPORT

Learning Outcomes;

  • Demonstration of knowledge and understanding of the relevant area
  • Analysis of complex legal, factual, business and/or management issues, as appropriate
  • Application of knowledge and understanding to the task
  • Ability to select and use appropriate information in support of the argument
  • Ability critically to evaluate information as appropriate
  • Ability to reach a clear and reasoned solution to the problem(s) raised in the task, addressing any ethical and commercial issues, as appropriate
  • Ability to communicate using a clear and logical structure and language appropriate to the task

Personal Injury Report Question

A discount rate is used when calculating lump sum awards for future financial losses. Describe what the discount rate is and the reasons for and impact of any recent change to the rate.

Consider practitioner arguments (on behalf of their clients) as to whether the discount rate should reduce, increase or remain as it is.

Critically evaluate whether awarding compensation, for future financial losses, in the form of a lump sum using a discount rate is fair. In preparing your report you need to address the following areas:-

1. Describe what the discount rate is;

2. The reasons for any recent change(s) to the rate;

3. The impact of any such change(s);

4. Practitioner arguments (on behalf of their clients) as to whether the discount rate should reduce, increase or remain as it is; and

5. Critically evaluate whether awarding compensation, for future financial losses, in the form of a lump sum using a discount rate is fair.