On 16 June 2021, the government announced that the restrictions on commercial forfeiture for unpaid rent arrears has been extended until 25 March 2022. The restrictions, which have been in place since 26 March 2020, were due to be lifted on 30 June 2021....
There is still a lack of proper information available to clients facing a dispute, particularly when it comes to funding and risk management.
A conditional fee agreement can be full or part funded. A partial conditional fee agreement means that you or a third party funder pays a portion of the costs throughout the case and the remainder is our share of the risk in your case. The benefit of this arrangement is that the success fee is lower on a win, reducing the success fee amount payable on success (which is no longer recoverable as part of your legal costs even if you win the case).
In many cases we are able to share risk with clients and also provide insulation from risks involved in litigation, for example we have access to the most competitive after the event litigation insurance rates available. When we are able to share risk with you, some of our fees are only payable if the case is successful. When a case is successful, our standard fees are payable along with a success fee.
In the rare instance when a case is lost at trial, we can provide clients with insurance protection from having to pay legal costs to opponents.