There is a wide range of factors that plays a role in managing the litigation costs and is discussed by experts. Funders spend a lot of time working out how much a case is worth from the beginning. The stress is put on the importance of a good budget for the claimant’s costs. It should be sensible and justifiable. Basically, the damages need to be ten times that of costs.
At present, there is a new factor that influences the litigation costs. That is challenging fees. Now even if clients have won the case, they are challenging lawyers at the end of it, employing no-win, no-fee businesses to obtain some kind of fee discount on the numbers their lawyers are entitled to receive.
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Summarized by Natalia Tsar.