New model conditional fee agreement
From 1 April new rules on conditional fee agreements (CFAs) come into force. Clients who enter into a CFA on or after 1 April will have to pay the success fee and any after-the-event (ATE) premium from their damages.
These changes have been brought about by sections 44 and 46 of the Legal Sentencing and Punishment of Offenders Act 2012 and the Conditional Fee Agreements Order 2013.
The Law Society has published a new model CFA and interim advice for use in personal injury claims. These can be accessed using the links below:
www.lawsociety.org.uk/advice/documents/model-conditional-fee-agreement
www.lawsociety.org.uk/advice/documents/conditional-fee-agreements-guide
