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Winning fees: Alternative litigation funding in commercial cases

Tamar Halevy explores the likely practical impact of LASPO ?on alternative litigation funding in commercial cases

19 June 2013

Prior to 1 April 2013, UK law firms were only permitted to offer alternative litigation funding to clients through conditional fee agreements (CFAs). Originally considered the preserve of personal injury/clinical negligence lawyers, CFAs had more recently come to be employed in the wider litigation market, including by commercial litigators. However, despite their greater prevalence in commercial cases, most commercial firms, if they have done CFAs at all, have only dabbled in them. It is only a handful of firms that have committed themselves in a significant way to an alternative funding practice.

On 1 April 2013, the Legal Aid Sentencing and Punishment of Offenders Act 2012 (LASPO) introdu...

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