In 2013, ELS Legal undertook to act for its client in respect of a multi-million pound professional negligence claim on a damages based agreement (DBA).
A DBA is an agreement between a client and their law firm where the firm will only get paid if it wins from a percentage of the damages. DBAs are still relatively new to the legal sector, and ELS were pioneering by entering in to a DBA on a large case such as this.
You will be pleased to hear that in September last year, the High Court of England and Wales ruled in favour of our client, awarding damages and costs in excess of £10 million.
The case centred on a long-running claim launched in November 2013 between Harlequin, an international hotel group represented by ELS Legal, and their former accountants Wilkins Kennedy, a top 20 firm.
It received a vast amount of press coverage, landing a place in The Lawyer’s top 20 litigation case of 2016, as well as featuring in the Telegraph, economia, the FT and Litigation Futures, among others. The finer details can be found in the official court write up.
We would like to take this moment to thank everyone involved in this hard-fought victory, and wish congratulations to our client.
Not many firms are prepared to offer performance billing, but at ELS Legal, we are always happy to stand by our results. Learn more about flexible funding and performance billing with ELS Legal.