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Funding a Case
There are different methods of funding your claim and our aim is to be flexible in providing a solution to your funding needs. For instance, we may act on either a ‘no win, no fee’ or ‘discounted fee basis’ dependant on the nature of your claim. Alternatively, we may be able to obtain either ‘after the event insurance’ or Third Party Litigation Funding depending on both the value and merits of your claim.
The basics – a question of trust
The relationship between a client and any professional is based on trust, legal duties and contractual obligations. In any litigation claim, the basis of trust with that professional has already been damaged. We aim to make sure that the relationship you have with us is clear, concise and understood by all parties and so we can work to achieve the desired outcome.
As you will understand, any work done for you in a litigation case has to be paid for. Ultimately, it is the client’s responsibility to meet these costs. However, there are various ways in which the cost of pursuing a claim can be funded. We aim to be as transparent as possible about our charges so funding should not be a bar to you pursuing a claim if your case is sufficiently strong.
The starting point
Unless you agree with us one of the alternative funding arrangements, our normal Terms and Conditions of business will apply. These set out the nature of the relationship between us and set out our charges which are calculated on the basis of the time we spend progressing your claim.
We provide an initial estimate of costs which we will only revise if the scope of the case changes. We estimate up to, for example, the lodging of your claim at court, and provide you with an estimate of the next stage of your case. We can also agree at the outset if you wish to place a limit on the costs that will be incurred. We can then seek your permission before further work on the case is done.
Please do remember, an estimate of costs is a general guide rather than a binding quotation however, we will inform you if and why your costs will exceed any estimate that we give.
There are also a number of other funding options. Please let us know if you want further information on any of the following:
- Funding from third parties; or
- Risk sharing with insurers; or
- Risk sharing with lawyers; or
Risk sharing relates to those who may offer to share the risk of your litigation. Risk sharers include insurance companies, lawyers or combination on these two.
Some cases will simply not be suitable for risk sharing and third parties but we can advise you on available options.
Why choose Mayo Wynne Baxter's legal services
Exceptional service from outstanding people. The law can be complicated so we will guide you through each step of the way and give you only the very best advice for your situation. At MWB, we offer specialised legal services with a client-centred approach. Our experienced team of solicitors is committed to delivering high-quality advice and support across a broad range of legal areas, both for individuals and businesses.
- Specialist Knowledge – we cover a wide range of legal issues
- Offers expert advice and support
- Provides clear and affordable fee options
Our other value your claim services
What to expect when you contact us
- Once you have completed the contact form or called us, our client service team will call you back, to ask a few questions including your preferred method of contact. This information is then passed directly to the Legal Adviser who will be working for you. Once you are happy to proceed we will gather all the relevant information and your file will be opened almost immediately so we can start work.
- A member of the Client Service Team will keep in contact with you on a regular basis throughout your transaction, to make sure you and them are satisfied with the progress of your matter. There is no additional charge to you for their involvement.
- We are here to assist you and ensure everything proceeds as smoothly as possible. You will have direct contact details for the client service team, who you can contact at any point during your matter.
Our aim is to make the process as easy and uncomplicated as possible for you.