The Court of Appeal has handed down it’s decision in the Case of Budana regarding the Assignment of Solicitors retainers
Nicholas Bacon QC who led the appeal for the Claimant in the Court of Appeal described the decision as probably the most significant costs case post Jackson. It brings to an end years of uncertainty over the assignment of solicitors’ retainers and legitimatises the transfer arrangements which were deployed in the case and thousands of others. It is a tremendous victory for the solicitors profession and indeed for those members of the Bar whose fees were caught up in the assignment arguments up and down the country.
Please click here for a copy of the Judgment.