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LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 177
Disclosure obligations regarding settlement of litigious matters
177 Disclosure obligations regarding settlement of litigious matters
(1) If a law practice negotiates the settlement of a litigious matter on
behalf of a client, the law 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 those 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.
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