Funding an Employment Claim

EMPLOYEE OPTIONS

Legal Expenses Insurance

If you have a home insurance policy then you are very likely to have legal expenses insurance attached to it. If this is the case then provided your claim has reasonable prospects of success, your insurer will pay all legal costs that have been reasonably incurred from the date they agree cover. This is the most preferable funding option for you and us.

Payment according to an hourly rate

This is the most traditional manner in which to fund any claim. You pay the solicitor carrying out the work on your case at his/her hourly rate until the matter is concluded. This option for payment is beneficial if you have a very high value case, a very straightforward case or you are asking us to carry out only a small amount of work. However you will need to make an initial payment on account before any work can be started.

No win no fee

This option is the riskiest funding arrangement for both parties. We agree to take your case forward on the basis that we take an agreed percentage of any award made to you or settlement negotiated. Due to the risk we will only take claims on a no win no fee basis if they have passed a full risk assessment, which looks at the likely level of compensation and the strengths of the case. The normal percentage we will take if your claim succeeds is 40% but it is dependent on the results of the risk assessment.

EMPLOYER OPTIONS

Legal Expenses Insurance

Many businesses have access to legal expenses insurance through other insurance policies they have to take out. There are also various companies solely offering this cover for businesses. Should you find yourself the Respondent in a claim, using this insurance would be the most cost effective way to defend the action.

Payment according to an hourly rate

As explained above, this is the most common form of paying legal costs and what you pay will depend on the hourly rate of the solicitor acting for you and the amount of work carried out on your case.

Fixed Fee packages

Depending on the work you need us to do, we can offer fixed fee packages so that you know exactly what the final invoice will be from the outset. These packages are often useful when dealing with non-contentious work, such as drafting contracts or policies and procedures.

For further information on this and any other employment issue please use our enquiry form