In order to assist our clients we have taken advantage of new and innovative methods of billing that have been developed by the Law Society in conjunction with recent case law. Conditional Fee Agreements have been offered by solicitors for sometime, however, they have been done as “No Win No Fee” agreements. Maxwell Alves does offer “No Win No Fee” agreements, however, these are limited only to certain Employment and Medical Negligence claims.
In respect of other litigious matters we are prepared to offer a CFA on the basis that you only pay 50% of our hourly fee. In respect of a CFA our variable hourly fee is capped at £180 an hour. Therefore, over the course of your case you are only required to pay fees of £90 per hour plus VAT and any disbursements. We shall require this payment to be made monthly upon receipt of our fee note.
Our reduction in fee is based on the requirement of a success fee should you be successful in your claim. The success fee is calculated at 100% of our hourly fee. Should you win, our hourly fees plus the 100% uplift plus VAT, plus disbursements and plus any insurance premium that you may have taken out in respect of the litigation, will be payable by the loser. Should you lose you are only required to pay 50% of our hourly rate.