Too many businesses and individuals feel unable to exercise their rights because of concerns as to the level of legal costs that would be incurred. We can understand that on the basis that legal fees are rarely budgeted for. However, it is important to keep in mind that few disputes proceed to a final hearing in a Court and incur substantive costs. By employing a number of dispute resolution mechanisms at Raworths we work with you to secure an out of Court settlement whenever possible and appropriate.
Should the dispute become very contentious, we are in a position to assist with a variety of funding options that provide flexibility and which can ring fence your potential liability. The availability of insurance is now an important aspect of funding for two reasons. Primarily, you may have the benefit of legal expenses cover with an insurance policy which you have already taken out. Secondly, there is the potential to take out insurance to cover the costs to be incurred and also the potential liability to pay your opponent’s costs subject to the merits of your case.
We also ensure that that we only incur costs when the benefit of doing so is clear and has your agreement.
Possible funding options could include:
- After the event insurance taken out to cover specific legal costs of the dispute
- Existing insurance policy provides cover for legal costs
- Fixed fees for specific tasks
- No win, no fee arrangements
- Payment contingent on an event
- Traditional hourly rate
The lawyer responsible for your dispute will discuss and agree with you the most appropriate funding options to consider.
If you would like any further information please contact Jonathan Mortimer or Matt Hill
