Australia's Class Action Plaintiffs Firms Prepare for Contingency Fees
Contingency fees have until now not been allowed in Australia. But the state of Victoria has introduced legislation to allow firms to charge contingency fees, and the legislation is expected to become law.
February 21, 2020 at 12:23 PM
6 minute read
Many of Australia's plaintiffs class action law firms are planning to embrace the looming introduction of contingency fees in Australia and are talking to litigation funders about how to finance contingency fee cases.
"We'll do as many as we can on a contingency fee basis because we do think it will produce a better outcome for clients," said Andrew Watson, national head of class actions at plaintiffs firm Maurice Blackburn Lawyers.
Contingency fees—where lawyers take a percentage of the proceeds of a successful case rather than billing by the hour—have until now not been allowed in Australia.
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