Summary
3. Private Funding
Your claim can proceed on the basis of you paying us as we proceed. This
means that you would be required to pay agreed payments on account of
our costs and also to pay disbursements as and when they arise. In a typical
injury case, for example, the disbursements will usually total between
£500 and £1,000.
To help you budget for your legal costs and to ensure that you are in
total control of the amount of costs that we incur at each stage of your
claim, we can agree a staging system, limiting the costs incurred to a
pre-agreed figure. You can arrange to pay a fixed monthly sum by standing
order.
For example, it may be that you have a medical negligence claim which
needs investigation to assess whether you have a good case for compensation.
We can agree to undertake those investigations for a set fee. Having reached
that stage and where a claim appears to be a reasonable one, the rest
of the action can be funded by a Conditional Fee Agreement, or after the
event legal expenses insurance. If successful, we would expect to recover
most or all of those fees as well as your damages from the losing party.
Funding a Claim
The cost of litigation is a major concern. We know this; we can help you choose the right method to reduce the risk of paying costs and to minimise expense.
The options for funding legal costs are:
2. Legal Expenses Insurance (‘Before the Event' or ‘BTE')
3. Private Funding
4. Conditional Fee Agreements (‘No Win, No Fee')
5. After The Event Legal Expenses Insurance (‘ATE')
6. Contingency Fee Agreement (also ‘No Win, No Fee')