313
CurrentAdditional disclosure—uplift fees
Chapter 3Conduct of legal practice
Part 3.4Costs disclosure and assessment
Division 3Costs disclosure
313 Additional disclosure—uplift fees
(1)
If a costs agreement involves an uplift fee, the law practice must, before entering into the agreement, disclose to the client in writing—
(a)
the law practice’s legal costs; and
(b)
the uplift fee, or the basis of calculation of the uplift fee; and
(c)
the reasons why the uplift fee is warranted.
(2)
A law practice is not required to make a disclosure under subsection (1) to a sophisticated client.
This Act’s bill:Explanatory memorandum
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