Former City Head hunter recovers substantial damages after being knocked from her bicycle
Chris Thorne has recently achieved a substantial damages award for a client who suffered a range of moderate physical injuries when she was negligently knocked from her bicycle by a passing van. Although the injuries were immediately life threatening and distressing, the cyclist made a good physical recovery and would in the normal course of events, have been entitled to a modest sum in respect of compensation. Unfortunately she also suffered a degree of psychological injury, including social anxiety, which effectively brought to an end her long and successful career as a freelance head hunter, placing candidates for market leaders in the world of hedge funds and asset management.
Whilst liability was never in issue, considerable expert evidence was needed to address a range of complex and specialist issues. The Defendants inevitably contended that the 2008 financial crisis had and would continue to have a deleterious effect on the Claimant’s ability to earn, with both placements and remuneration in the City allegedly coming under pressure as a result of the crash. Assessment of the market and considerable research into financial performance in niche sectors were key to overcoming the Defendant’s objections. In addition, the age for retirement in this sphere of operation was a contentious issue, with “burn out” being cited as a common occurrence and the Claimant’s embracing of remote working being cited as evidence of a pre-existing desire to retire.
The Defendant initially offered £200,000. Settlement was eventually reached at a figure of £800,000, representing an annual loss of income for the future at a rate in excess of historical average earnings and for a period beyond normal retirement age.