Act of Sederunt (Fees of Advocates in Speculative Actions) 1992
This Act of Sederunt applies to advocates undertaking work in a litigation for a speculative fee. It—enables the advocate and the instructing solicitor to agree that in the event of the success of the client in the litigation the advocate’s fee shall be increased by a maximum of 100% (paragraph 2(1));defines success for the purpose of determining whether the advocate is entitled to a fee (paragraph 2(2)); anddefines the advocate’s fee for the purpose of applying the agreed percentage increase (paragraph 2(3)).