Ensuring Clients Make Informed Decisions About Litigation Costs

Litigation is a potentially risky and expensive undertaking. Clients rely on their solicitors to inform them of the potential cost of pursuing a matter, including the risk of having to pay someone else's legal fees, when making their decision as to whether the potential outcome is likely to justify the expense.

Solicitors not only have a duty to advise their clients of the potential costs and risk, but also to advise on the various ways that they can fund and/or de-risk the matter.

SRA Handbook

The SRA Handbook sets out the standards and requirements which the Solicitors Regulation Authority ("SRA") expects their regulated community to achieve and observe.

At the heart of the Handbook are the SRA Principles. These are ten mandatory Principles which define the fundamental ethical and professional standards that are expected of all SRA regulated firms and individuals when providing legal services.