On September 24, 2021, Council adopted amendments to the Contingent Fee Rules. In addition, Council adopted a new Form 1 – Contingent Fee Agreement. These amendments came into force on October 1, 2021.
Highlights of the amended rules and the new Contingent Fee Agreement:
- increasing the cap on fees from 25% to 33% of the amount recovered (from 30 to 38% in cases that go to Appeal);
- a clearer and easier-to-read standard form Contingent Fee Agreement, with the addition of a “Know Your Rights” document to be given to clients;
- a streamlined process for reviewing and approving non-conforming Contingent Fee Agreements.
Please find at the links below the amended rules and the new Contingent Fee Agreement: