LCM does not work on a fixed fee basis. We can be very flexible and our fees will range from 15% to 40% depending on the level of risk we take on and the potential rewards of the claim.
Key factors in determining fees will be:
- Type of finance product used. From a fully financed model to disbursement funding only
- Prospects of recovering from the defendants any judgment that might be obtained
- The estimated level of costs for which funding is required
- How much work has already been done in regard to the legal claim and how much further work is required
- How long it is likely to take before a claim is ready for trial
- The estimated amount of the claim