There are many ways to fund litigation. Our first job is to assess your case and provide you with advice as to which funding model we believe best suits your requirements.
We recognise that legal fees can be a cause of anxiety for clients and appreciate that the rules governing how solicitors get paid can be confusing. Unfortunately, the system which governs the way Solicitors get paid is overly complicated, but we must operate within the rules of the system. Please contact us if you have any concerns and we will be happy to answer all of your questions, or read on below to learn more.
Broadly speaking litigation can be funded in one of the following ways:
- Conditional Fee Agreement (No Win, No Fee), (“CFA”) With or Without Insurance
- Trade Union Funding
- ‘Before the Event’ Legal Expenses Insurance (“BTE”)
- Pay As You Go / Private Retainer with an hourly rate
- Damages Based Agreements (“DBA”)
- Legal Aid (only available in exceptional circumstances)
Wherever possible we offer ‘No Win, No Fee’ funding agreements to our clients, also known as a Conditional Fee Agreement or CFA. This has been the preferred method of funding for the majority of our clients in recent years. The key features of our CFA are as follows:
- If you lose your case, we do not charge you for our work.
- You do not have to pay any fees upfront or during your case.
- We will fund your disbursements (i.e. pay for court fees, medical reports, barristers, etc).
- A CFA allows us to make progress with your case immediately, without unnecessary delay.
- If you win, you only pay a small contribution to our fees which is deducted from your compensation, so you are never left out of pocket.
Your contribution to our legal fees is based on a number of factors, including the risk of us not getting paid at all if your case is unsuccessful; whether or not we fund your disbursements; deferred payment terms; and whether or not we insure your case.
Until we understand the nature of your case we are unable to assess the level of deduction, but we can reassure you that under our CFA, your contribution to our legal fees will never be more than 25% of your compensation and in complex and high value cases is often considerably less, sometimes 0%.
Full terms and conditions will be supplied at the outset of your case.