find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Barristers consider 'no win, no fee' arrangements

Barristers consider 'no win, no fee' arrangements

In a bid to cut costs some leading UK barristers and chambers are increasing their use of conditional fee arrangements (CFAs).

In a bid to cut costs some leading UK barristers and chambers are increasing their use of conditional fee arrangements (CFAs). 

Commonly regarded as ‘no win, no fee agreements’, an increasing number of UK barristers are using CFAs to take on cases at reduced rates, in return for a higher rate if the case is successful, Legal Week reports. 

Leading UK law firm Addleshaw Goddard, a strong advocate of third-party litigation funding and after-the-event insurance, is in talks with top barristers and chambers including Brick Court, Fountain Court and Essex Court Chambers to encourage them to use CFAs. 

Brick Court has already separately taken on seven cases on a CFA basis this year, while barristers at several other chambers are also thought to be seriously considering CFAs.

Addleshaws litigation head Simon Twigden said: “A big chunk of fees in significant litigation are taken up with counsel costs. There has been a general lack of understanding and fear among barristers that CFA equates to 'no win, no fee'. This stigma among the commercial sets is clearing, as litigation funding methods are increasingly in demand.”

He added: “More and more big names at the Bar are saying yes to a serious consideration of this. We increasingly factor this in when we make recommendations to our clients on which barristers to use.”

A number of UK law firms have increased the use of CFAs, and other alternative fee arrangements, since the economic downturn. In addition to CFAs, there is also growing momentum for chambers to move away from hourly rates through fixed fees and cost capping. 

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Barristers consider 'no win, no fee' arrangements
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...