One of the largest dispute resolution teams in the Midlands has been awarded ‘delegated authority’ to arrange insurance to cover the cost of litigation.
For years Wright Hassall, of Leamington Spa, has been ahead of the curve, sharing some of the cost-related risks of litigation with their clients through a number of different funding options including Conditional Fee Arrangements (CFAs).
The ‘delegated authority’ will complement that service by allowing the firm to underwrite insurance policies to provide cover against the risk of paying an opponent’s costs and is a natural extension to the cost-mitigation policy pursued by the firm.
Sarah Perry, head of the 37-strong litigation team at Wright Hassall, said: “We’ve been offering clients a variety of innovative options for clients – a route offered by very few other firms.
“To be able to offer our clients delegated authority, not only says a lot about our reputation but, more importantly means that clients can operate in a risk free environment in litigation.
“Win or lose, it reduces the cost of litigation significantly. It also means that clients are not priced out of taking legal action, and that is excellent news for our West Midlands region in particular.
“This is an innovative approach to funding litigation but, while this will create new opportunities for individuals and businesses to take action, it will not open the floodgates to a stream of ridiculous claims because there needs to be a good prospect of success in order to qualify.”
