Yesterday, on the 27 April 2020, Section 1, of the Civil Litigation (Expenses and Group Proceedings) (Scotland) Act 2018, governing Success Fee Agreements came into force.
This now means that lawyers in Scotland can enter into Success Fee Agreements (Damaged Based Agreements) with their clients for litigation. The new legislation allows Lawyers to charge a fee to their client based on the amount of money (success) that the client obtains in the litigation and not to charge a fee if there is no financial benefit received by the client.
At MBM, we feel that Success Fees are going to provide more flexibility for clients on how they pay for their litigation and ensure that more cases can proceed to court. We hope that the new legislation will make litigation more accessible for smaller business and individuals, helping them to obtain justice and level the playing field.
At MBM Commercial, we pride ourselves at working with our clients to provide them with the most amount of choice and flexibility when it comes to financing their cases. We were one of the first firms in Scotland to successfully obtain and use Scottish ligation funding to help our client achieve success in the Scottish courts, and we are the first law firm in Scotland to offer our clients a fixed fee for their entire litigation providing clarity and certainty to the litigation marketplace.
If you, your business, or client has a claim our expert lawyers at MBM are here to help and would be delighted to have a no-commitment chat to discuss your case. Call 0845 345 5004 or email to speak to one of the team today!