The legal services market is becoming increasingly commercial with an abundance of funding options for prospective clients to choose from. The funding model of hourly rate and time incurred is now just one of many.
iCosts recognises that funding of legal services is a two-way process: it has to work for the provider as well as the purchaser. And in order for new Damages Based Agreements (DBAs) to be used, the likely costs need to be fully understood by both and compared to other options.
The principals of iCosts share legal costs, litigation funding, insurance and software expertise. We have developed the applications to help lawyers maintain their business in the new civil litigation costs regime by agreeing to work on retainer types and rates which are competitive and attractive to both lawyer and client.
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