Wednesday, February 15, 2012

Jackson delayed yet again

The clock has been ticking on implementing the Jackson reforms for a while now and I see that the New Law Journal has reported that it will now be delayed until April 2013. These would impose a 25% cap on uplift fees and potentially add an extra 10% onto damages as well as limiting the recoverability of success fees and after the event insurance premiums. However, despite some being impatient for it all to get started it really does seem eminently sensible to spend a little more time getting the fine details right rather than rushing in and leaving all sides uncertain as to not only where they will stand but also where they will go with the industry afterwards. What with the extent of a referral fees ban to be examined and the like it will be interesting times ahead...

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