The Government has launched a new project to help solicitors and insurers assess the risks involved when using conditional fee arrangements, also known as no-win no-fee, for underwriting litigation costs.
The project is called the Risk Assessment in Litigation – RAIL.
It has received half its £250,000 funding from the European Social Fund.
The success of CFA's is essential for the Government as an alternative method of supplementing legal aid.
RAIL will develop a new training system to help solicitors who had not been previously carried out an analysis of risk.
The launch of RAIL at Lloyd's of London was organised by the project partners, Litigation Protection, Blake Laphorn Solicitors and Anglia Polytechnic University.