Litigation fees can be an unknown quantity. Traditional hourly rates do not always provide clients with the certainty and transparency they require to effectively manage their financial exposure in commercial litigation cases, court proceedings and arbitrations. It may even be the dissuading factor in not bringing the claim in the first instance.
To improve certainty around litigation costs Hill Dickinson has devised fee simple.
Fee simple is our range of pricing and service options to support our clients in confidently managing their costs and financial exposure in commercial disputes.
Fee simple - litigation funding options
Pricing and service options include:
• Conditional fee agreements (CFA): for claimant work no fee is charged unless the claim is successful. Third party outlays are to be funded throughout the case.
• Partial conditional fee agreements: a lower hourly rate is invoiced monthly during the course of the matter. Where the case is settled in our favour, an agreed percentage is paid either from the damages if the client collects or from a success fee to be paid by the other party.
• After the event insurance (ATE): we have delegated authority to provide ATE insurance indemnifying you for your opponent's costs in the event that you lose, since CFAs do not extend to this protection.
• Fixed fee segments: a fixed fee is pre-agreed for each element of the litigation process, irrespective of eventual actual cost.
• Secondments: deploying our legal experts within your organisation at an agreed daily rate and for an agreed number of hours.
• Access to third party funding: through our network of contacts we can introduce you, in appropriate cases, to third party funders to fund your case in return for a share of the outcome if successful.
We will work with you from the outset to determine your chance of success. Should you choose to proceed, we can assist you in selecting the most cost-effective option that best suits your particular matter and individual circumstances. This will help to minimise financial risk to you and enable you to focus your attention on the case at hand.
Dispute resolution expertise
We are experienced in commercial claims relating to:
- Sale and purchase agreement disputes
- Defamation
- Sports
- Injunctions
- Mediation
- VAT appeals and costs
- Breach of warranty
- Banking and finance
- Professional negligence
- Banking and finance
- Breach of contract
- Directors and shareholders
- Partnerships
- Breach of confidence
- Civil fraud
- Judicial review (CFA not available)
- Franchising
- Outsourcing
- Breach of trust
- Professional negligence
- Contentious probate
For further details, please contact your usual Hill Dickinson litigation contact or Geraldine Ryan, Head of Commercial Litigation:
