CMS rolls out litigation funding menu after conditional fee win
CMS Cameron McKenna has begun offering conditional fee arrangements (CFAs) to litigation clients more widely after the firm won its first case on a 'no win, no fee' basis early this year. CFAs are one of a range of alternative fee arrangement (AFA) options CMS has been increasingly making available to clients in the wake of Lord Justice Jackson's civil procedure reforms, which came into effect earlier this year. The options are likely to widen to include damages-based agreements (DBAs) or fixed fees for backed cases. Head of arbitration Guy Pendell said that the firm had also begun working with third-party litigation funders, including Calunius Capital, Burford Capital and Harbour Litigation Funding, on its package of AFAs.
CMS Cameron McKenna has begun offering conditional fee arrangements (CFAs) to litigation clients more widely after the firm won its first case on a ‘no win, no fee’ basis early this year.
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