DBA’s are a relatively new option for funding litigation. In simple terms we agree a percentage of the damages with you that we will receive in payment for our work.
The benefits are that you know exactly what you will pay and you only pay if you win and you get paid. We can still recover our costs from the opponent in the usual way up to the amount agreed under the DBA. Therefore if the case goes on for a long time and we spend more time than expected you may get all of your costs paid by the other side and you will keep all of your damages.
The danger for you is that if the case settles in a matter of days or weeks we will receive a windfall percentage of the damages and you will lose up to 50% (depending on what is the agreed percentage).
Whether a DBA is more suitable for you than a normal retainer, fixed fees or a No Win No Fee depends on the facts of each case. We work with you to find the best value funding structure taking into account your particular needs.