Legally speaking
Last week we covered public funding; however if you can't get legal aid there are other ways of funding litigation.
Employment matters can be funded by Damages Based Agreements.
In essence a lawyer acts for you in exchange for a share (up to one third) of any damages you receive.
These agreements are not available for litigation generally but a solicitor can act under such an agreement if there is a chance of the matter settling without proceedings being issued.
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Contingency fee arrangements are popular.
These are the so-called 'no-win no-fee' deals. If you win your case your legal costs are paid for by the loser.
If you lose your case you don't have to pay your lawyers.
There is a risk of course that you may have to pay the other side's costs.
You can however take out 'After the Event' insurance to cover for this risk. An insurance company agrees to pay such costs in exchange for a premium. The good news is that the insurance company gets the premium from the other side if you win but writes it off if you lose; so again you don't pay anything.
There are also third party insurers. These are companies that will pay your legal fees for you and then seek to recover from the other side if you win. If you lose you still don't have to pay them.
Q I saw in the news that a supermarket wouldn't accept payment in £2 coins. Don't they have to accept legal tender?
A Legal tender is defined as money that cannot be refused in payment of a debt. However this does not affect a party's right to insist on payment for goods in a particular form (so filling stations don't have to take £50 notes). In England all notes are legal tender as are £5, £2, and £1 coins but 50p, and 20p coins are only legal tender up to £10, 10p and 5p coins up to £5 and 2p and 1p pieces up to 20p.
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