CFAs: no win, no lose?

Conditional fee arrangements haven't exactly set the legal world on fire. When law firms were given the opportunity to charge clients on a no-win, no-fee basis in personal injury, insolvency and human rights cases from 1995 onwards uptake was slow.

It was even slower in big-hitting City firms. But legislation passed last year extended CFA rights to all civil law. And it could make no win, no fee the norm. Linklaters' decision to introduce CFAs for clients appealing to the High Court in pensions cases indicates that at least one firm is seeing a business opportunity. It may well be a test case for expansion across its departments and across the City.