The Government today issued its Justice Bill. As anticipated the Bill reaffirms the Government’s intention to implement Lord Justice Jackson’s proposals to eradicate the recoverability of after the event insurance premiums and lawyer’s success fees in England & Wales.
If enacted as proposed, there will be challenges ahead particularly for those smaller and medium sized civil and commercial litigation cases. The impact on heavyweight commercial litigation disputes is likely to be nominal.
These proposals present a new challenge in the world of litigation cost management. Creativity is rife with insurers and litigation funders. At TheJudge we are confident the market will adapt and we look forward to delivering solutions to meet the future needs of our lawyer and litigant clients.