Fixed Recoverable Costs
From 1 October 2023, a Fixed Recoverable Costs (FRC) framework has been applied to litigation valued up to £100,000. This applies to some of our work, though not all.
Although there are exceptions, the historical position was that the losing party would pay the winner’s costs as well as their own, often subject to detailed assessment after the trial or outcome.
Under the FRC framework, some disputes are now subject to fixed recoverable costs. The recoverable amount varies depending on the case’s complexity and the work completed.
If you are involved in issued court proceedings and consider FRC may apply to your case, we’d love to speak with you.
Many firms are concerned by fixed recoverable costs; we aren’t.
We have been working on internal efficiencies and the use of technology and automations for a number of years precisely because we understand how important it is that our time (and your money) is spent on only the highest-level decision-making functions and processes.
Each case and situation varies, but in many instances, the fixed recoverable costs can be higher than the costs we actually incur.
If your risk appetite for legal costs is low and the scope of work is relatively certain, fixed and capped prices are a distinct possibility.
Recent developments and rule changes indicate that fixed fees are becoming more prevalent in commercial litigation. We work within this framework and are at the forefront of offering multiple payment options to our clients — including alternative, risk-based, fixed and capped pricing.
Contact Helix Law today. Let’s have an informal discussion about your legal requirements, and we’ll advise you of your payment options.
We aim to respond to all queries within an hour.