Real Estate and Litigation Solicitors – Naylor Solicitors LLP

What are Damages Based Agreements?

Damages Based Agreements (DBA) are an alternative source of legal funding, in which the risks of litigation are shared between the solicitor and the client.

In such an arrangement, rather than an hourly rate, your solicitor’s fee depends on the success of the case and is calculated as a percentage of the compensation you receive.

This means that your lawyer invests their time and conducts litigation without charge in exchange for a share of any damages awarded or settlements reached.

If the case is unsuccessful, your lawyer receives no payment. It is therefore vital for your representative to establish the merits of your claim before entering into a DBA with you.

This method of legal finance is still a recent innovation, for it is only since 1st April 2013 that DBAs have been permitted for all civil litigation claims in England and Wales.

Lawyers working on this basis are thus at the forefront of litigation funding.

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As specialist litigation solicitors, we can connect you with various alternative funding sources if you instruct us to take your claim forwards. For a FREE consultation, just call 020 7963 8690 or email law@cgnaylor.co.uk.