Initial Risk Analysis
As part of our rigorous risk analysis, we undertake a coherent and all-encompassing 360-degree examination of as many potential heads of claim (and the strengths and weaknesses of your case) as is possible and present you with a bespoke Dispute Strategy Memorandum.
You can learn about our Terms of Engagement here, meet our team here and read our clients’ testimonials here.
Discounted Hourly Rate Conditional Fee Agreement
If your case is suitable we will then work with you under a discounted hourly rate conditional fee agreement, sharing the risk of litigation with you. Our standard hourly rates are discounted as a case progresses. If a claim fails then that is all that that client must pay us. On success we become entitled to be paid our standard hourly rates together with a success fee, although some of those costs may be recoverable from any unsuccessful opponents.
In this way we have “skin in the game” and an added incentive to win. Additional disbursements will include Counsel’s fees, photocopying, travel and accommodation charges and Court fees.
Contingency Fee Agreements
We are permitted to enter into contingency fee agreements (where the Firm can take a slice of any winnings, as is commonplace in the United States) in proceedings outside of England & Wales or where a dispute is resolved prior to the commencement of proceedings in England & Wales.
Contingency fee agreements became lawful in England & Wales from 1 April 2013. Griffin Law has adapted its existing model of discounted hourly rate conditional fee agreements so as to guarantee to provide a hybrid of discounted hourly rates and damages based agreements on a sliding scale so that the percentage that we will be entitled to be paid of any damages awarded will change with reference to the risks/merits of a claim and the discounted hourly rate charged as a case progresses.
Mandatory Costs Information
As required by the Solicitors Regulation Authority, in respect of (a) the provision of advice and representation to employers or employees in relation to the defending or bringing of claims before the Employment Tribunal for unfair or wrongful dismissal and (b) in relation to businesses, debt recovery up to the value of £100,000, we confirm that our standard hourly rates are as follows –
- Directors, Consultants & specified Senior Associates: £400 per hour
- Specified Senior Associates, Associates and legal executives with over 4 years’ equivalent experience: £350 per hour
- Associates, Assistants, legal executives and fee-earners with up to 4 years’ equivalent experience: £250 per hour
- Trainee Solicitors, Paralegals & Support Staff: £200 per hour
These standard hourly rates exclude VAT (where applicable) and any disbursements such as court or barristers’ fees.
Where possible, whether in relation to the foregoing types of work or otherwise, we will endeavour, where we are able to reach agreement with you, to look to agree a discounted, capped or fixed fee in relation to your matter.
The terms of our retainer with you are governed by the individualised engagement letter sent to you upon our being instructed by you. We cannot give a range or estimate for your matter because every client’s case is different.
The SRA requires us to outline the average cost or range of costs associated with the instruction of our firm (including disbursements and VAT). In our experience, the average cost equates to 20% to 40% of the sum being claimed, exclusive of applicable VAT at 20%, disbursements and court fees. Disbursements vary depending on the experience of any barrister instructed and, in terms of court or Tribunal fees, the size of any claim. These will be discussed with you on a case-by-case basis.
In terms of what services are included in the hourly rates displayed above, the key stages of your matter and likely timescales for each stage, this again depends on the nature of each claim. No two cases are alike.
Finally, if you instruct us pursuant to a conditional fee or damages based agreement, we will discuss with you the circumstances in which you may have to make any payment yourselves for our services (including from any damages). We do not work on a “one size fits all” model. We are commercially-minded solicitors who look to agree a retainer that works for you and for us.
The experience and qualifications of those who will carry out the foregoing work, and their supervisors, can be seen here.