Borrowing
Family or friends may be willing to help. We can ensure that any loan arrangements are properly documented. Equally, some clients choose to borrow on an overdraft or a credit card.
A Legal Costs Allowance from the other party
If you substantially depend on the other party for financial support, we may be able to secure an order that results in them paying for your ongoing legal fees. This is classed as part of your regular maintenance payments. Again, there are some fairly stringent criteria, so talk to us about the process involved.
Litigation Lending
We work closely with specialised lenders who can advance money to pay your legal costs against the prospect of being repaid from a settlement. There are fairly stringent criteria. However, if you are virtually certain of winning a sizeable amount, but you have insufficient money to get to the finish, it may well be an option.
A ‘Sears Tooth’ Agreement
A Sears Tooth Agreement is an agreement between solicitor and client that ensures the solicitor is paid for their guidance and actions throughout the divorce without causing financial fears for the client. The solicitor and their client agree that an appropriate amount of the client’s final divorce settlement is provided to the solicitor to meet the fees.