Regulation 3 Definition of “collective conditional fee agreement”
(1)
Subject to paragraph (2) of this regulation, a collective conditional fee agreement is an agreement which—
(a)
disregarding section 58(3)(c) of the Courts and Legal Services Act 1990, would be a conditional fee agreement; and
(b)
does not refer to specific proceedings, but provides for fees to be payable on a common basis in relation to a class of proceedings, or, if it refers to more than one class of proceedings, on a common basis in relation to each class.
(2)
An agreement may be a collective conditional fee agreement whether or not—
(a)
the funder is a client; or
(b)
any clients are named in the agreement.