Paying us. If you win your claim, you pay our basic charges, expenses, disbursements and a success fee. You are entitled to seek recovery from your opponent of part or all of our basic charges and our expenses and disbursements but not the success fee. The overall amount we will charge you for our basic charges, success fees, expenses and disbursements are limited as set out in Schedule 2. It may be that your opponent makes a Part 36 offer or payment which you reject on our advice and, your claim for damages goes ahead to trial where you recover damages that are less than that offer or payment. In these circumstances, you may be ordered to pay your opponent’s costs, but only up to the amount of damages and interest awarded to you. Expenses & Disbursements If you receive interim damages, we may require you to pay our expenses and disbursements at that point and a reasonable amount for future expenses and disbursements. If you receive provisional damages we are entitled to payment of our basic charges, our expenses and disbursements and success fee at that point. If you win overall but, on the way, lose an interim hearing, you may be required to pay your opponent’s charges and disbursements. If on the way to winning or losing you are awarded any costs, by agreement or court order, then we are entitled to payment of those costs, together with a success fee on those charges if you win overall. What do I pay if I lose? If you lose you do not pay our charges, but you may be required to pay your opponent’s charges and disbursements. The Success Fee: The Success Fee is set out in Schedule 1. Registered Office: 7th Floor, Cardinal House, 20 St Mary’s Xxxxxxxxx, Xxxxxxxxxx, X0 0XX. Company registration number: 07072321. Barings Ltd is authorised and regulated by the Solicitors Regulation Authority under registration number 5225752. Basic Charges Details of our basic charges are set out in Schedule 2. Ending this Agreement If you have right to cancel this agreement under Schedule 3 and do so within the 14-day time limit, you will pay nothing. Otherwise if you end this agreement before you win or lose, you pay our basic charges and expenses and disbursements. If you go on to to win, you also pay a success fee. We may end this agreement before you win or lose, with the consequences set out in the Law Society conditions.
Paying us. If you win your claim, you pay our basic charges, disbursements and a success fee together with any applicable premium for after the event insurance (AEI) (collectively, the Charges). You are entitled to seek recovery from your opponent of part or all of our basic charges and our disbursements, but not the success fee or any AEI premium. Where you recover costs from your opponent, they will be deducted from the Charges, and you will pay the balance. An Overall Cap applies to the Charges that you will be liable to pay to us if you win. The Overall Cap on the Charges (net of costs recovered from your opponent) is 50% of your compensation. This Overall Cap also applies to any other deductions from your compensation, e.g. to cover the cost of insurance or litigation funding, so that you should always keep at least half your compensation. Note that the Overall Cap may not apply if this agreement is terminated early: see the Law Society Conditions below. If you win, but your recovery of costs from your opponent is limited because your rejected a formal offer to settle your claim on our advice, we will not claim any basic charges or disbursements for the work done during any period where your own costs are disallowed because of the offer (unless your disbursements are covered by your AEI). Irrespective of whether you win or lose, you are always immediately liable to pay us any costs which you recover in the proceedings. Those costs will remain subject to the success fee if you (whether then or subsequently) win overall. If the remedies consist of a money payment you agree to pay the Charges directly from the sums recovered, and you authorise us to deduct the Charges before paying the balance to you.
Paying us. 3.1. If You Win and receive any Payment from any party in respect of Your Claim after the date of this Agreement, you agree to pay us 40% of the Sum You Ultimately Recover including any sum You receive in respect of interest, plus VAT. This is called the contingency Fee or the Success Fee, subject to a minimum charge of £250 plus VAT. The reasons for setting the Success Fee at 40% plus VAT are that the Courts may take the view that the FCA redress process is correct, the case may not prove to be commercially viable if there is insufficient claim value or low prospects of success, the case may be issued but for any reason it may not proceed, the case requires specialist consumer credit experience and even if you win, we must fund your disbursements and barristers’ fees.
Paying us. 9.1.2. executed wholly within the United Kingdom in sterling; or All payments
Paying us. If you win your claim, you pay our basic charges equivalent to 25% of the amount of damages awarded, and our disbursements. There is no ability to recover these amounts from CICA. Please also see conditions 4 and 6. If you receive an interim award, we may require you to pay our disbursements at that point and a reasonable amount for our future disbursements, together with our basic charges to date. If you lose the application, you do not have to pay our charges but may require you to pay our disbursements. If you end this agreement before you win or lose, you pay our basic charges on an hourly rate for the work done and our disbursements. Please also see condition 7(a). We may end this agreement before you win or lose. Please also see condition 7(b) for details. Basic charges These are for work done from now until this agreement ends. Value added tax (VAT) We add VAT, at the rate (now 17.5%) that applies when the work is done, to the total of the basic charges. Conditions Conditions are attached because they are part of this agreement. Any amendments or additions to them will apply to you. You should read the conditions carefully and ask about anything you find unclear.
Paying us. If you win the case (which means that an Agreement is reached that money is paid to you by anyone) you pay us 20% of the money we recover (“Our Fee”). You also pay us disbursements. VAT is payable on our fees. If you lose the case, you do not pay us anything. Disbursements are payments we make on your behalf to others involved in the case. If you end the Agreement before the case is won or lost, you are liable to pay our costs at the rates set out below for a partner with letters and telephone calls charged at the appropriate proportion of the hourly rate save where we have submitted a case to the FSCS or FOS at the time you end the Agreement when Our Fee will be due and payable within 7 days of you ending the Agreement. All of these figures do not include VAT at the standard rate of 20%. £150 including VAT per hour for a Partner £120 including VAT per hour for a Case Handler, Trainee or equivalent Our fee is due and payable within seven days of any monies being paid. If we receive the monies we will deduct our fee and forward the balance. If you receive the monies you will need to pay us within seven days. For what happens if we end the Agreement before the case is won or lost, please refer to paragraph 8.
Paying us
