There are many different options available for funding a claim. We have outlined some of the most common funding options below: Many clients choose to fund their cases privately. In these circumstances, we will charge a standard hourly rate (agreed with you at the start of the case) and you will be required to pay this regardless of the outcome of the case.
If you are funding the case privately, you should consider your exposure for both your own legal costs as well as any liability for your opponent’s costs before bringing a professional negligence claim. You will only become liable for an opponent’s costs once court proceedings have been commenced and if you were ultimately to lose or discontinue the action.
Alternatively, it is possible to fund a claim using Conditional Fee Agreements (CFA’s). These arrangements are commonly known as “no win, no fee”. Under the terms of a CFA, our fees will only be payable if the claim is successful, and the majority of these costs will be met by the losing party to the action. If, however, you lose the case you will not be liable for our fees and any expenses that are subject to the CFA (although you will be required to pay your opponent’s costs).
We will determine the merits of any potential professional negligence case at the outset, and should the prospects of success appear favorable to you, your case can qualify for funding via a CFA. It is also possible that you may have legal expenses cover under an existing insurance policy, such as your household insurance policy, or your motor vehicle insurance policy. This is known as “Before the Event Insurance”. If you think your legal expenses may be covered by such a policy, then please provide us with a copy of the insurance policy when we initially discuss your claim, and we will assess whether this may be an option. We are happy to discuss the circumstances of your case with you and identify the most flexible and appropriate way to fund and run your case.