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Contingency fee arrangements allow lawyers and their clients to agree that the lawyer will be paid only in the event of success.
On December 9, 2002, Bill 213, the Justice Statute Law Amendment Act, 2002, received Royal Assent. Schedule A of this legislation amends the Solicitors Act to regulate contingency fee agreements. It contains broad regulation-making power relating to contingency fees, and includes the following regulatory controls:
For further background, please see overview materials and Schedule A of the Justice Statute Law Amendment Act, 2002.
The deadline for written responses to the proposed draft regulation on contingency fees was April 22, 2004.
The Ministry thanks all those who participated.