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Resolving disputes - the cost of litigation
Perdeep Grewal, a solicitor at Birkett Long, considers the cost of litigation and what some law firms are offering to help businesses enter into a dispute but stay cost-effective. If you have a business dispute worth between £10,000 and £25,000, give Perdeep or Molly a call on 0330 1075143 to chat through your options.
Many businesses are reluctant to pursue smaller disputes because they are worried about what the total costs could be down the line. When you have a smaller dispute to deal with, you would normally have to take into consideration the overall value of the claim, and the potential costs of bringing the claim. Although some disputes hinge on the principle (rather than the value), if the costs outweigh the amount in dispute, you might think twice before instructing a solicitor.
However, it doesn’t have to be that way. We’re starting to see forward-thinking law firms offering to fix their fees from the outset, in particular for smaller claims of between £10,000 and £25,000 (‘small’ in the eyes of the court at least!). This means you can enter into the dispute process knowing what it’s likely to cost you, what the result could be, and how long it might take. A good firm will also warn you about any additional costs that might crop up (like court fees for example). An even better firm will try to avoid you getting as far as issuing court proceedings altogether.
Resolving even a small dispute can take considerable time, effort and money that you could better use to operate, manage, or grow your business. A lawyer should want to help you resolve a disagreement as cost-effectively, and with as little damage to relationships, as possible. If a lawyer can help you do that amicably, they should.
If you wish to get in touch I am based in our Chelmsford office, please contact me on 0330 1075143 or alternatively, you can email me at firstname.lastname@example.org or my colleague in our Colchester office, Molly Frankham, at email@example.com