I think we can all agree that the revocation of the Conditional Fee Agreement Regulations 2000 was a sad day for the legal costs world.
Regrettably, the Jackson Costs Review did not recommend that these Regulations should be restored. The proposal to end recoverability of additional liabilities has much to commend it but the attractions of the Regulations for a paying party do not need to be spelt out.
I’ve been mulling over a suitable mechanism for trying to restore the CFA Regulations 2000 and I think I’ve found a possible answer.
The new government has set up a new website and Deputy Prime Minister Nick Clegg says: “ Your Freedom website issues a ‘call to arms’ against pointless regulation and unnecessary bureaucracy. He wants to know how you would like to see the government balance the rights of the citizen with the laws of the state”. The website invites members of the public to suggest unnecessary rules and regulations that should be repealed.
This website has already produced a number of ideas in relation to CFAs (click link).
Now, this website is really designed to reduce unnecessary rules and regulations but I think I have found a way around this. I have therefore proposed that the Conditional Fee Agreements (Revocation) Regulations 2005 should themselves be revoked. This would presumably reinstate the CFA Regulations 2000. And all in the name of reducing regulations.
If enough defendants and insurers support this proposal we can produce an overwhelming momentum. Make the dream a reality. Vote here.