What does the removal of the insolvency exemption mean for lawyers and insolvency practitioners? Frances Coulson, managing and client services partner at Moon Beever, offers her reactions to the recent announcement. Original news Government plans to introduce no win no fee reforms in respect of insolvency proceedings will enter into effect in April 2016, Minister of State for Civil Justice Lord Faulks has announced. In a Written Ministerial Statement, Lord Faulks also set out the period in which a review of the reforms would be carried out. This means that conditional fee agreements (CFA) success fees and after the event (ATE) insurance premiums will no longer be recoverable in proceedings brought by liquidators, administrators, trustees in bankruptcy, and companies in liquidation or administration. What is your immediate reaction to the announcement?