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Funding and Costs explained

We understand that while you will have questions about the process, you will also have questions about the cost of litigation.  We pride ourselves on being transparent with our clients and can offer several different options of funding for our litigation work.

Private funding

If you are funding your case yourself, you will pay the appropriate Solicitor’s costs for conducting the case at their agreed hourly rate plus VAT.  You will also be liable to pay for associated third party payments which would include counsel fees, Court fees, expert fees etc.

Throughout the matter we will provide you with costs estimates and will send interim bills to keep you up to date with the costing of your matter.

Dependant on the claim, some costs may be recoverable from the opponent in a successful claim but we will be able to advise you about this.

Before the event insurance

We would always recommend you check with your insurance provider as to whether any of your policies include legal expenses cover.  Before the event insurance may include home insurance, credit cards or bank accounts, car insurance or business insurance.

After the event insurance

This If you do not have before the event insurance, you may decide to take out after the event insurance. This is taken out after the claim has arisen and takes effect in the event of an unsuccessful claim. The premium payable is based upon the strength of your case and you are responsible for paying the premium.

Third party funders

In some cases there may be the opportunity for third party funding, such as insurers.

Union funding

There may be the possibility of a union funding your legal fees if you are a member of a trade union or trade organisation.

Conditional Fee Agreements

This is an agreement where the base charges of legal representation are recoverable if the case is successful.  If the case is successful, you pay us a ‘success fee’ which is an agreed percentage of the base charge. You are also required to pay for any third party payments incurred throughout the matter, whether you are or are not successful in your claim.  A CFA should be accompanied by after the event insurance.

Please note, in order to be eligible for a CFA agreement with us, there are strict criteria to meet, which we will discuss with you upon your initial enquiry.

Fixed fee work

If we are required to carry out possession proceedings (under section 8 and section 21 of the Housing Act 1988) or debt recovery matters, these are subject to our fixed fee structure.

 

To find out more about how we can help with these matters, please contact the team on 023 8071 7412 for a tailored quote.

Court Fees

In addition to the legal fees, there will also be Court fees payable, which will vary depending on the nature of your claim. 

Financial Claim

ValueCourt issue fee
Up to £300£35
£300 - £500£50
£500 - £1,000£70
£1,000 - £1,500£80
£1,500 - £3,000£115
£3,000 - £5,000£205
£5,000 - £10,000£455
£10,000 - £200,0005% of the value of the claim
£200,000£10,000


Possession claim

High Court possession                   £480
County Court possession               £355

Non-money claims (eg, injunctions)

High Court                                         £528
County Court                                     £308

Recovering costs

As a general rule if your claim succeeds you will be entitled to recover costs from the other party but if your claim fails it is likely that you will be required to pay the other party’s costs. The Court has discretion to make any cost orders that it thinks fit and will take yours and the Defendant’s conduct throughout the case into account.

It should be noted however, it is unusual for the Court to order a full recovery of all costs incurred. You will be required to make up any shortfall between the costs ordered from the other party and the total of your Solicitor’s costs plus VAT.

The Court will also take into account yours and the Defendant’s costs budgets for each stage of the claim.  Each party is required to submit a costs budget, and to revise it as appropriate as the case progresses.  If a party's actual costs exceed its budget, the excess may not be recoverable from the paying party.

To book your appointment with us to discuss your claim, contact the team on 023 8071 7412.

To speak to one of our experts please call us