There are several ways to fund your legal costs
At Middleton Law our aim is to ensure that we are upfront and transparent about our charges, so you know what to expect.
The most suitable funding option will depend on the nature of your instructions and your personal circumstances.
There are a number of different options that could be open to you to pay your legal costs. Some of these options are better suited to some types of legal cases, but your case handler will go through your options with you in detail to offer the best possible options for your case.
Please note that not all of these options are available for all cases. It is our job to give you all the information and make sure that you understand what is available so you can make an informed decision. We are happy to answer any queries regarding any of these options.
No Win, No Fee Funding
You won’t pay any money upfront for your legal fees but you will have to pay for additional costs, known as Disbursements, like Court fees or expert reports fees. This can be covered by an insurance product called After the Event Insurance which would cover these costs for you. Your case handler will provide more detail about this.
You’ll sign a Conditional Fee Agreement or a Damages Based Agreement that says if you lose your case, you won’t pay our legal costs.
If you win your case, the other side will pay for a proportion of our legal costs, but you may have to pay for some of these yourself from your damages. This is usually capped at a percentage agreed in advance.
No Win, No Fee Agreements are often used in personal injury, medical negligence cases and some other case types. If this is available to you your case handler will let you know.
Fixed Fee Funding
Fixed fees are a useful way for you to have control over how much money you will spend on your legal costs so you can fully budget. We will outline what services you will get and the cost for that, this will provide a cost you can be certain about.
If you are comparing costs between law firms we would urge you to ensure that the quotes are ‘like for like’ – some prices are shown excluding VAT or they don’t include all aspects of the transaction, meaning you could get a nasty surprise of additional costs at the end.
Hourly Rate Funding
You simply pay your Solicitor or Lawyer for the time they spend on your case. This is how a lot of cases are run. How much you pay will depend on the experience of the Solicitor or Lawyer. You will be kept up to date throughout the work to ensure you are aware of what work is being done and the costs that will be involved in advance of incurring the cost.
Your Solicitor can break your case down into stages. They can give you an estimate of how many hours each stage is likely to take so you can get an idea of your legal costs.
Legal Expense Insurance Funding
This type of insurance policy is usually purchased as an add-on to another insurance policy such as car or home insurance. This policy will cover your legal costs in some circumstances and we will ask if you have a Legal Expenses Insurance (LEI) policy in place when looking at ways to pay your legal fees.
