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Options
Funding options
From third party funding to conditional fee agreements, there are now a multitude of options available to clients. We have highlighted some of these below but please download a copy of our full funding guide now for more information.
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Alternative Fee Arrangements (AFA)An AFA is any legal fee structure or method of charging for our services other than standard hourly rates. Here are some examples. |
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Conditional Fee Agreement (CFA)An agreement which provides for the payment of fees, in part or in whole, depending on the outcome of the dispute. |
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Third Party Funding (TPF)
TPF involves a specialist litigation funder paying a claimant’s legal costs in return for a share of the damages or a multiple of investment if the claim succeeds. |
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Damages Based Agreement (DBA)A US-style contingency agreement which is now available in England and Wales. A DBA provides for payment of the law firm’s fees only on recovery of damages, and is expressed as a percentage of the amount recovered. |
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After the Event Insurance (ATE)An insurance policy purchased during the course of litigation to guard against payment of the other side’s costs at the conclusion. |