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ARTICLE · 19 AUGUST 2005

Conditional fees to be de-regulated

CMS Cameron McKenna Nabarro Olswang
Explore more from CMS Cameron McKenna Nabarro Olswang

The Department for Constitutional Affairs (DCA) has published on 10 August 2005 its proposals to simplify the regulatory regime for Conditional Fee Agreements (CFAs).

United KingdomGovernment, Public Sector
Mark Tyler
Mark Tyler
Chris Hodges
Chris Hodges

The Department for Constitutional Affairs (DCA) has published on 10 August 2005 its proposals to simplify the regulatory regime for Conditional Fee Agreements (CFAs). Ministers have concluded that CFAs can be significantly deregulated, by revoking from 1 November 2005 the existing CFA Regulations and the Collective Conditional Fee Agreement Regulations. They believe that sufficient control is exercised by the provisions of the primary legislation, s 27 of the Access to Justice Act 1999, which requires that CFAs must be in writing, and they must state the percentage success fee applied. Regulation of client care and contractual and guidance matters on CFAs will in future be focused on solicitors and the Law Society, which will issue new professional conduct requirements and a new, simplified model agreement.

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