End to hourly rates
The Jackson reforms have led to a significant increase in fixed fees in personal injury litigation. The judiciary has already made threatening noises that if the Jackson reforms do not work it may be necessary to scrap the current hourly rates system entirely.
But, who would have thought that the threat would come from within? QualitySolicitors have announced their network is to abandon hourly rates in favour of fixed fees for all their services next year, with the new model to be piloted at 15 member firms this month where they will stop charging for work by the hour for all services, including litigation.
The beginning of the end?