Australian Capital Territory Current Acts

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LEGAL PROFESSION ACT 2006 - SECT 285

Contingency fees prohibited

    (1)     A law practice must not enter into a costs agreement under which the amount payable to the practice, or any part of that amount, is worked out by reference to the amount of any award or settlement or the value of any property that may be recovered in any proceeding to which the agreement relates.

    (2)     Subsection (1) does not apply to the extent that the costs agreement adopts an applicable scale of costs.

    (3)     If a law practice that is an Australian legal practitioner who is a sole practitioner, or an incorporated legal practice, contravenes subsection (1), the practitioner or practice commits an offence.

Maximum penalty: 50 penalty units.

    (4)     If a law practice that is a law firm, or a multidisciplinary partnership, contravenes subsection (1), each principal of the practice commits an offence.

Maximum penalty: 50 penalty units.

Note     For this part, a reference to a law practice includes the principals of the law practice (see s 307 (Liability of principals of law practices under pt 3.2)).



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