The pandemic has been a very difficult time for most businesses and while the latest set of restrictions have now largely been lifted in England and Wales, the financial impact of the last two years is likely to last for some time. In such difficult...
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.