The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
The Government has thrown its weight behind the use of conditional fee agreements (CFAs) by removing a long-running legal complication that has made them confusing for clients.
Last Monday (2 June), new regulations came into force scrapping the use of the indemnity principle in no win, no fee cases.
The indemnity principle, which requires lawyer and client to agree a set hourly rate at the start of a case, conflicts with CFAs because CFA clients do not agree to pay anything.
The indemnity requirement led to a farcical situation where CFA clients had to 'pretend' to agree an hourly rate with their solicitor, even though the CFA meant they would never pay anything towards their case.
The new regulations follow more than a year of lobbying from personal injury lawyers, most of whom conduct all of their business using CFAs.
Martin Cockx, partner at personal injury firm Amelans, welcomed the new regulations. "This has made CFAs much more user-friendly. It's hard to convince a client they don't have to pay you when they also have to sign an agreement stating an hourly rate," he said.