For once it seems that the magic circle is trailing the rest of the UK top 50. London’s five elite firms are refusing to take the initiative on the issue of capping their liability on individual deals, despite a rise in the practice among other top UK firms.
Legal Week has discovered that more and more firms are capping liability in their standard terms and conditions. Research released in the magazine this week shows 86% of major UK firms use liability caps these days. National and mid-tier firms seem to be the most happy to do it as a matter of course.
