Important Changes to Litigation Funding Regime with effect from 1 April 2013 – Sign up as soon as possible to avoid monies being deducted from your damages.

From 1 April 2013, new legislation will change the way in which solicitors can offer “no win no fee” agreements, which may mean it is harder to get legal representation on this basis. The reforms apply in relation to Conditional Fee Agreements (CFAs) entered into and ATE insurance taken out on or after 1 April 2013. From 1 April 2013 it will no longer be possible to recover CFA success fees or ATE insurance premiums from a losing opponent.

Abacus will still be able to offer in some cases alternative “no win no fee” funding arrangements and we would be pleased to discuss alternatives with you. These may include damages based agreements in which, if you win the case, you agree to pay a proportion of any damages awarded or Conditional Fee Agreements with ATE insurance where a success fee and insurance costs are deducted from your damages.