No win no fee arrangements are being widely discussed at the moment. It has been reported that the Law Society who represent Solicitors in England and Wales have urged caution over the proposed government changes to no win no fee arrangements. The Law Society is reported as stating that the “Peers in the House of Lords, will contemplate altering legislation governing no win no fee agreements in a bid to eradicate “compensation culture” but the move instead would penalise the victims of accidents, fraud, negligence and wrong doing as well as business and even the government.”
The Law Society has highlighted that the insurance companies in the country and not the victims will be the ones to benefit from the changes.
The chief executive of the Law Society, Desmond Hudson stated “the Government is proposing to further reduce legal aid spending while effectively dismantling the “no win, no fee” system, which will leave many people without effective access to justice”.