Tag Results

Debt collection ABS pledges to undertake “genuine” no-win, no-fee

A debt collection agency has launched an alternative business structure promising to offer “genuine” conditional fee deals in an industry where it accused solicitors of being unwilling in reality to take the rough with the smooth.

September 8th, 2016 | No Comments »

LeO fights off first JR as it warns over dangers of ‘no win, no fee’

The Legal Ombudsman (LeO) has fought off the first judicial review to reach court, brought by a former solicitor unhappy that it had ordered his bill to be slashed. The case, involving a CFA, comes as LeO issues a report outlining problems caused by ‘no win, no fee’ deals.

January 6th, 2014 | No Comments »

Litigation funders left in limbo over whether ABS status will give them costs protection

Third-party litigation funders thinking of investing in law firms to avoid liability for adverse costs will have to try their luck in front of the court after an important report on contingency fees refused to make a recommendation on whether this should be possible.

August 3rd, 2012 | 2 Comments »

Foundations of ABS, CFAs and other key legal regimes under microscope of govt red tape exercise

Many of the regulations underpinning the regulatory regime for legal services – including those designating the Solicitors Regulation Authority and Council for Licensed Conveyancers as ABS licensing authorities – are under the microscope as part of the government’s Red Tape Challenge, it has emerged.

June 1st, 2012 | No Comments »

Firm claims RTA portal “breakthrough” as insolvency cases granted stay of LASPO execution

Liverpool costs specialists yesterday claimed a “massive breakthrough” in a dispute about the recovery of ATE insurance in RTA portal cases that has seen thousands of cases stayed. The news came as the government announced a two-year moratorium on ending recoverability in insolvency cases.

May 25th, 2012 | No Comments »

Neuberger: ABSs herald death of hourly billing

Alternative business structures may well herald the demise of hourly billing as legal practice becomes even more competitive, the Master of the Rolls has predicted. Contingency fees and price comparision websites will also play a role.

May 14th, 2012 | No Comments »

Government overturns LASPO changes as Djanogly hits out at “inflated” law firm profits

The government as expected overturned all of the House of Lords amendments to the Legal Aid, Sentencing and Punishment of Offenders Bill last night, with justice minister Jonathan Djanogly saying the Jackson reforms would put an end to the “racket” that has allowed “inflated profits” for law firms.

April 18th, 2012 | 1 Comment »

LASPO: government suffers two defeats over legal aid for children, tightens referral fee ban

The government suffered two more defeats during yesterday’s final House of Lords stage of the Legal Aid, Sentencing and Punishment of Offenders Bill, and also tightened up the ban on referral fees.

March 28th, 2012 | Comments Off on LASPO: government suffers two defeats over legal aid for children, tightens referral fee ban

Experts attack "patently unfair" government bid to make key Jackson reform retrospective

A government bid to give the key element of the Jackson reforms retrospective effect was today branded “patently unfair” by costs experts and likely to encourage defendants to start stringing out cases.

March 12th, 2012 | Comments Off on Experts attack "patently unfair" government bid to make key Jackson reform retrospective

Cost discouraging SMEs from going to court but many don’t know about CFAs, survey finds

Worries about the cost of going to court are preventing small and medium-sized businesses from enforcing their legal rights, yet many remain unaware that commercial disputes can be funded through conditional fee agreements, new research has shown.

December 19th, 2011 | Comments Off on Cost discouraging SMEs from going to court but many don’t know about CFAs, survey finds