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Ccfa Agreement

To Reg. 3 (2) (a) “an agreement may be a conditional collective fee agreement, whether or not the funder is a client”. The agreement should provide that the client will be compensated by the funder of the 3rd party to ensure that there is no possible liability for the risk of having to pay the lawyer`s fees, but otherwise, the Collective Conditional Fee Agreement operates in a very similar way to a standard conditional agreement. The rules apply only to contracts concluded on or after 30 November 2000. “Traditionally, the idea that a lawyer would be interested in the outcome of his client`s case (except professionally) was considered an undesirable state. The lawyer should be disinterested in order to be able to provide impartial and appropriate advice. It should therefore be paid in the same way, whether the case was won or lost.

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