“Flexi Fees” – Flexible Funding Arrangements for high value, complex and/or heavy High Court litigation
Flexi fees involve taking on legal cases with appropriate merit on a suitable funding arrangement to offer a flexible fee alternative to clients (individuals, partnerships, companies, consumers, etc), who may not be able to afford litigation, have insufficient cashflow to fund fees or simply want to mitigate their own costs risks of litigation.
This provides access to justice for those who would not normally be able to afford litigation, which can be long, drawn out and very expensive.
Not only does an appropriate Flexible Funding Arrangement provide a solution to cover the fees of litigation, it puts those on the other side (e.g. large resourceful organisations such as insurers) on notice that the litigation is funded right to the end.
We can also provide a Flexible Funding Arrangement for those who are already locked into litigation, as we can take over these matters if a client is finding it difficult to continue funding legal fees which maybe more than anticipated at the start; because fees are spiralling out of control; or the risk of own fees can no longer be taken in full.
We can also, in suitable cases, organise adverse costs (costs of the other side you may have to pay if you lose your litigation) insurance and funding to cover disbursements.
The Flexible Funding Arrangements available to deal with legal fees can take one of the following forms:
- Damages Based Agreement (DBA) (where you pay a percentage of your damages/winnings to us, if you win/settle);
- Conditional Fee Agreement (CFA) (where you pay us an enhanced fee, for example by way of an uplift on our fees, if you win/settle);
- Pay after the litigation has been concluded;
- Fixed fees; or
- Capped fees
If you are interested in a Flexi Fee option and want a superior service received by our High Net Worth clients, then either complete the form below or contact us without delay….
