An overhaul of the conditional fee arrangement model; the capping of success fees and the introduction of a contingency fee model are all featured. Low value claimants should be getting a fairer deal.
So what about the City? Well, it has been largely ignored thanks to the success of the reforms introduced by the Commercial Court Working Party back in 2007 (see story).
Instead these reforms are targeted at tightening the public purse by restricting costs in clinical negligence and personal injury claims. There has been some attempt to placate the newspaper editors who have shouted from the rooftops about legal costs strangling freedom of speech.
In 2008 the firm opened a swanky new HQ right in the heart of the City amid a bombastic ceremony complete with acrobats in suits.
Launching in London was part of an ambitious re-branding of the firm that would see it aiming for higher quality strategic work.
How things change.
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