Damages Based Agreements (DBA)
Damages Based Agreements were introduced as part of the changes to legislation on funding in 2014. Under a Damages Based Agreement you agree that if your claim is successful Weightmans will receive a percentage of the damages recovered when the claim concludes. There is no additional liability for legal costs save for any third party expenses incurred. If you lose the action Weightmans would receive no payment for the costs incurred in running the action, you would, however, be liable for third party expenses and your opponent’s costs to the extent ordered by the court.
Damages Based Agreements are only a viable funding solution in limited circumstances and so will require a careful case assessment at the outset to understand the issues involved. We are happy to undertake a merits review to consider the viability of a Damages Based Agreement or other alternative funding solution on a fixed fee basis.