Private funding + Conditional fees

Cards (6)

  • Private funding
    • pay for legal advice from a solicitor/barrister
  • Solicitors: have offices in most town, may specialise in certain areas of work
    person has an usual problem - research to find the right firm
  • solicitors:
    • charge an hourly fee, can be expensive to obtain legal advice
    • Solicitor: not able to give a fixed fee, depends on amount of hours put in/ how easy to gain evidence
    • whether a settlement is reached, case has to go to trial, specialist barrister is needed
    • in some areas of civil law: possible to instruct: barrister under the Direct Access Scheme
  • Conditional Fee Agreement
    • solicitor can enter into a written CFA
    • particularly used in perjury claims, but cannot be used in family or criminal cases
  • CFA
    • ensures: client pays solicitor if they win the case
    • place a cap - maximum on amount solicitor could charge
    • if case lost: solicitor cannot claim any costs - usually agree if there is 75% chance of success
  • CFA
    • agreement: contain a 'success fee' clause - added fee entitled to if the client's case becomes successful
    • amount of success fee determined by: complexity, risk, percentage of amount of compensation recovered
    • if client wins, cannot claim from the loser in addition to their costs
    • loser pays: winner's legal costs 'After the event insurance policy'