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12 August 2011 / Dominic Regan
Issue: 7478 / Categories: Opinion , Costs
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The Jackson reforms: winners & losers

Dominic Regan sifts through the Jackson winners & losers

“Inevitably, there will be winners and losers as a result of my proposals” declared Lord Justice Jackson on that bitter January morning last year when he introduced his radical proposals for reform. Intriguingly, some perceived “winners” are looking like losers. Who and why so?

Clause 43

Before we delve into this there is one out and out loser and that is the after the event (ATE) insurance market. Clause 43 of the Legal Aid Bill precludes the recovery of such premiums (except where cover is taken out in clinical negligence cases in respect of expert fees).

The planned extension of the existing portal claims scheme will remove vast tranches of work from the land of risk. The present road traffic accident portal is risk free in the opening stages. Only a tiny minority of cases enter stage 3 where there is the possibility of an adverse costs outcome.

One-way costs shifting

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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