An Australian law firm is taking advantage of legislation that is waiting to be passed by the Victorian upper house, the Age reports.
The legislation waiting to be passed by the Victorian upper house will allow lawyers to recoup costs through a US-style "contingency fee" model. Major firm Maurice Blackburn is already prepping a class action lawsuit to take advantage of the new law. If this legislation passes, it will turn class action lawsuits into a lucrative money-making operation.
Former Law Council of Australia President Stuart Clark said that the new law is “fatally flawed” and would give plaintiffs’ lawyers “extraordinary profits they can make from the people they’re meant to be representing.”