UK Forbids 'No Win No Fee' Atty Compensation

Law360, New York (March 29, 2011, 6:19 PM EDT) -- In an effort to cut down on excessive litigation, the British government confirmed sweeping reforms of its legal payment rules Tuesday that will bar plaintiffs lawyers from raking in cash from losing defendants in "no win no fee" conditional fee agreements.

As part of the overhaul announced by the U.K.'s Ministry of Justice, plaintiffs in British and Welsh courts will be required to pay their own attorneys' fees even if they win the case, forcing them to "take an interest in controlling the costs being incurred...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.