header-logo header-logo

11 March 2014 / William Robins
Categories: Features , Procedure & practice , Costs
printer mail-detail

Transfer complications

William Robins outlines the challenges involved when a case pursued under a CFA is transferred to another firm

There are two undisputed truths at play in the legal sector at present:

  • first, clients want their lawyers to think out of the box and to “risk share”;
  • second, the pressures on partners with client followings from overheads, clients, and competitors have led to more partner-level lawyers moving.

When you put the above two factors together, it is not surprising to learn that it is commonplace for cases pursued under a conditional fee agreement (CFA) to move from one firm to another. Transferring files between firms is not easy at the best of times; one has to consider unpaid fees, work in progress (WIP), the impact on all three parties (the client and both firms) and, of course, compliance with the Solicitors’ Regulation Authority (SRA) Code.

These complications are greatly increased where the case to be transferred is subject to a CFA entered into before April

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Walkers—Muriel Marseille

Walkers—Muriel Marseille

Ashurst's Chief Risk Officer joins Walkers

Excello Law—John Osborne

Excello Law—John Osborne

Northern family lawyer John Osborne joins Excello

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

Trio of promotions announced at Kidderminster law firm mfg Solicitors

NEWS
A sole director can conspire with their own company for the purposes of the tort of unlawful means conspiracy, the High Court has ruled in a judgment with potentially wide implications for business disputes
The Court of Appeal has reinforced that domicile depends on intention rather than residence alone, in a significant post-Brexit ruling on cross-border financial remedy claims
The Chancery Division's long history comes to an end this autumn as it is reborn as the Business and Property Division, prompting questions over whether the shake-up is really necessary
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
back-to-top-scroll