Law360, London (May 26, 2017, 4:03 PM BST) -- A London-headquartered broker has launched "game changing" new insurance coverage for commercial lawyers who conduct risky work where payment depends on a case’s final outcome, according to a Thursday statement from the broker.
The policy, unveiled by TheJudge, will ensure that dispute resolution lawyers still get paid if they reach a damages-based agreement, or DBA, with a client but then go on to lose the case — which would normally leave them empty-handed.
“This could prove to be a real game-changer in the use of damages-based agreements by law firms in the U.K.,” Mark Shillito, head of dispute resolution in the...
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