Summary
4. Conditional Fee Agreement (CFA) - ‘No Win, No Fee'
If you are unsuccessful in litigation, the usual order for payment of
costs would be that you, as loser, would be obliged to pay the winner's,
that is your opponent's, costs.
Under a CFA, you do not pay us if you lose. You will have taken out insurance
cover when you start the case so that the insurance will pay the other
side's costs if you lose (we can advise you of the premium once case details
are known). If you win, you pay us a success fee to reflect the risk we
have taken in successfully fighting your case.
If this is something you wish to consider, then we will assess your claim
and fix the amount of the success fee which may not exceed 100% of our
basic costs, or 25% of the damages awarded to you.
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')
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')