A case for risk?
13 September 2012
‘No-win, no-fee’ agreements are usually associated with personal injury claims, but recent cases show how purchasers could use them in commercial disputes, writes Susan Singleton
Conditional fee agreements (CFAs), better known as “no-win, no-fee” deals, are risky for lawyers and clients. Win and lawyers’ fees can be doubled. Lose and the lawyers are not paid a penny, while the client must pay the defendant’s costs. In commercial cases, such as those that might affect supply managers, they are rare. However, a recent case shows that this type...