Analysis: The case for caps
A battle is shaping up between the City's biggest law firms and their biggest clients, over the case for and against using liability caps. Sophie Evans reports on clients' reactions and assesses whether the practice is likely to become more widespread
Now that Allen & Overy (A&O) and Linklaters have joined the growing band of law firms putting liability caps on individual deals, the practice looks set to become mainstream over the next decade. For their part, clients seem to be reluctantly accepting the practice as an inevitable change in reality.
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