Intake risk: Accepting new instructions on a contingency fee basis

21 Aug 2014

 


Key takeaway points:

  • Ensure rigorous conflict checks are completed before accepting instructions on a new matter

  • Allocate specialist staff to undertake both external and internal conflict checks

  • Take account of reputational and commercial issues when considering ‘own interest’ conflicts

  • Consider putting in place value thresholds for fees and/or damages

  • Agree a definition for high-risk cases and decide whether a case should be given a high-risk status at the out...

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