August 18, 2012
John Spencer speaks to Edward Fennell from The Times on the LASPO act and how damages based agreements (DBA) may fund large personal injury cases in the future.
"The titles of Acts of Parliament often fail to give a full account of what they cover: so don't be surprised when the Legal Aid, Sentencing and Punishment of Offenders Act, which comes into effect next spring, triggers big changes in the way that corporate litigation - as well as the more serious personal injury cases - are funded."
"DBAs represent a way of plugging a hole in the market in respect of catastrophic personal injury cases with large damages," said John Spencer, a member of the Civil Justice Council DBA working party, "but there’s still a gap for cases where the legal costs to damages ratio is high."
Read the full article Litigation and personal injury 'gamble' on The Times website (subscription required).