Insurer Launches Cover For Lawyers Who Lose Cases

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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Law Firms

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!