One of the first discussions we have with our prospective clients revolves around costs and proportionality. We do not want you to incur costs for a matter that either has a limited chance of success or is disproportionate to your claim.
There are a number of different methods by which it may be possible to fund your claim. The most common of these are:
- Hourly charging rates
- Discounted charging rates
- Conditional fee agreements
- Fixed fee dispute resolution
- Damage based agreements
- Insurance and third party funding.
To set up an initial consultation:
- Give us a call on 0330 404 07467
- Fill in our simple online enquiry form, and we will be in touch shortly.
Dispute Resolution Funding Options
Hourly charging rates
At the outset of most matters, we give clients an estimated fee range for carrying out specific work. This fee range is based on an hourly charging rate so that your bill is dependent on the amount of time we spend on your case. We will invoice you regularly as your case progresses and provide fee estimates in advance of work being carried out.
Discounted charging rates
Our team also offer discounted fee arrangements. Under these agreements, we charge an hourly rate for our work but agree to discount this until the end of your case. This means we charge you at a lower rate as the case progresses and only charge you for our full rate at the conclusion of the case if you are successful.
Such arrangements are agreed on a case-by-case basis, following an assessment of the merits of your claim.
Conditional fee agreements
In some circumstances, we can offer conditional fee agreements, also known as ‘no win, no fee’ agreements.
Under such an agreement, we would only be entitled to raise a bill at the end of your matter if your claim was successful, in which case we would be entitled to our fees and also a success fee.
In order to enter into such an agreement, we normally need to undertake an assessment of the merits of your claim.
Fixed fees dispute resolution
We can also offer some services on fixed fees, for example, bankruptcy and possession actions for landlords. Fixed fee arrangements are a useful tool to provide financial certainty when undertaking dispute resolution matters.
Fixed fee arrangements are agreed on a case-by-case basis.
Damage based arrangements
A Damage-Based Arrangement is an agreement whereby our fees are calculated as a percentage of the financial benefit you secure. If you do not secure any benefit, then usually, no fees are due.
Damage-based arrangements are determined on a case-by-case basis following an assessment of merits.
Insurance and third-party funding
As well as the above, our experienced team can advise and assist you in obtaining legal expenses insurance and, in some cases, funding your claim through a third-party funder.
There are two broad types of legal expenses insurance, before the event and after the event.
Before the Event Insurance is usually obtained through an add-on to a household or motor insurance policy. After the Event Insurance is an insurance policy taken out after a dispute has arisen. Its aim is to provide cover for liability in the event you lose your case. Depending on the cover purchased, this can include disbursements, costs and opponent costs.
Contact our dispute resolution solicitors in East Anglia
For practical advice on any type of commercial dispute resolution, as well as any other business legal advice you need to reach your goals, get in touch with your local Ashtons legal team in Cambridge, Bury St Edmunds, Leeds, Ipswich, and Norwich.
To set up an initial consultation: