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02 September 2011 / Dominic Regan
Issue: 7479 / Categories: Opinion , Costs
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The Jackson reforms: winners & losers (2)

Dominic Regan congratulates the victors in the Jackson reform lottery

Some claimant lawyers are enthralled by Jackson. Really. Clause 42 of the Legal Aid Bill provides for outright contingency fees or, as we are now to call them, damages-based agreements. On my recent visits to talk at major city firms like RPC, Ince & Co and Allen & Overy I detected real excitement at this opportunity. Those handling substantial claims can only benefit from this reform. Such arrangements are commonplace elsewhere in the world. I also understand that the government is not going to require the solicitor concerned to send the client off to seek independent advice before entering into an agreement, as Lord Justice Jackson proposed. I have not heard a word of dissent from anyone, which is remarkable. It is a done deal.

Disaster

Many, particularly in the injury field, see Jackson as a disaster. Despite bleating from some insurers they must be secretly thrilled at the

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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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