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Addleshaw Goddard loses in mammoth CFA case Berezovsky v Abramovich

It is a short sighted and commercially suicidal view to think that CFA always equals no win, no fee. It has to be a value proposition for both the law firm and the client. Any significantly reduced fee (perhaps that just covers the standard cost of the legal team doing the work) that then has an additional (and conditional) fee on success, would be a CFA and sounds a more likely route that a commercially astute law firm would take, don't you think? And as to anons comment at 12:09, surely the reduction in fee income would already for the most part have have been factored in to last years accounts?

31-Aug-2012

12:51 pm