LEGAL PROFESSION ACT 2006 - SECT 273 Additional disclosure—settlement of litigious matters
LEGAL PROFESSION ACT 2006 - SECT 273
Additional disclosure—settlement of litigious matters(1) If a law practice negotiates the settlement of a litigious matter on behalf of a client, the practice must disclose to the client, before the settlement is executed—
(a) a reasonable estimate of the amount of legal costs payable by the client if the matter is settled (including any legal costs of another party that the client is to pay); and
(b) a reasonable estimate of any contributions towards the costs likely to be received from another party.
(2) A law practice retained on behalf of a client by another law practice is not required to make a disclosure to the client under subsection (1), if the other law practice makes the disclosure to the client before the settlement is executed.