Laspo and new MoJ consultation to create litigation funding gap
Claimants without legal expenses insurance will face significant deductions from damages from the introduction of Legal Aid, Sentencing and Punishment of Offenders Act and findings from the Ministry of Justice’s consultation on law firms' cost recoveries, Arc Legal said.
As part of the Laspo Act, new regulations for damaged-based agreements and conditional fee agreements are due to come into force on 1 April. As a result, claimant solicitors will no longer be able to
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