April 17, 2012
Spencers Solicitors Director John Spencer is part of an 11-man expert working party advising on how to introduce contingency fees for court work in England and Wales.
The working party, chaired by Michael Napier, has been set up by the Civil Justice Council (CJC) and is due to report back by the end of July. Its findings will then be presented to the Ministry of Justice and the regulatory bodies for the legal professions.
The contingency fee model recommended by Lord Justice Jackson is modelled on that operating in Ontario, Canada. It is a hybrid in that costs are recovered and set off against the contingency fee, rather than being a pure cut of the damages as in the US. Any excess will be paid by the client, in line with the end of recoverability for success fees in conditional fee agreements (CFAs) introduced by the bill.
Read the full article High-powered group to advise on introduction of contingency fees on the Legal Futures website.