DBA Insurnace: a new solution for law firms

DBA Insurance offers a way for law firms to take potentially lucrative cases on a contingent fee basis, whilst managing the downside risk.

Damages Based Agreements (DBAs) allow commercial litigators in England & Wales to offer contingency fee arrangements to their clients. This can help to support new business development in what is an increasingly competitive legal market, whilst increasing the law firm’s profitability, given the potential financial rewards available.

While law firms may be attracted to the idea of contingency fee arrangements for the right cases, the risk exposure associated is often a difficult barrier to overcome for the firm’s financial controllers. DBA Insurance provides a solution by enabling the law firm to share the fee risk with the insurance market.

Onsite Training on DBA insurance: Booking now 

Does your team need training on DBA insurance and other market developments or a refresher on key issues and recent case law relating to the management of legal fees in a dispute? If so, we can provide onsite workshops, tailored to your area of practice. Our unique market positioning means we can provide your team with an overview of both the litigation insurance and litigation funding markets.