Our goal is to do everything that is in a client’s interest, which includes ensuring that they receive the best value for their legal expenditures in the field of international arbitration, while leaving no stone unturned to resolve a dispute in their favour.
Although we have yet to lose a case where we served as lead counsel, our legal fees are typically one-third those of the firms we face and where we previously worked.
Businesses can always pay far more for legal representation if they would like, based on the incorrect belief that paying higher costs will improve outcomes, but our reasonable arbitration legal fees can reduce the overall cost of resolving a commercial arbitration, construction arbitration or investor-State arbitration by roughly half, while also maximising our clients’ chance of success, as legal fees account for the vast majority of the cost of international arbitration.
We can offer excellent value because our firm is modern, highly-experienced in international arbitration, makes use of the latest technology, maintains a reasonable cost structure, and we always enjoy a good fight and do not bill for the extra time that is required in order to obtain a positive outcome for our clients.
For instance, in a recent two-year ICC international commercial arbitration against a large multinational firm, opposing counsel’s legal fees were over USD 2 million, our legal fees were EUR 257,000, and opposing counsel lost all of its claims and its client bore millions in legal costs. In a recent ICSID investment treaty arbitration, our own legal fees were approximately 1/4 those of the large corporate firm we faced, and in a recent LCIA arbitration, our hourly rates were approximately 1/3 those of opposing counsel, which lost on all issues in the award that was rendered. We have been far more cost-competitive than opposing counsel in terms of legal fees in recent UNCITRAL and JAMS arbitrations as well, while obtaining excellent results for our clients, including favourable settlements that our clients did not believe were possible.
We bill on the basis of hourly rates, on a flat monthly basis, on a capped stage-by-stage basis or on a partial success fee basis. As lawyers are known to renegotiate caps mid-course, our standard letter of engagement contains a provision whereby caps cannot be renegotiated mid-course unless over five times the initially anticipated amount of work is required, ensuring no surprises for clients. For respondents in international arbitrations, Aceris also offers a holdback arrangement, whereby a portion of our legal fees is never paid unless the matter is concluded in line with our client’s interests.
Clients frequently do not have to resort to third-party funding when using our legal services, although we have assisted them in successfully obtaining third-party funding in the past.
If you would like to obtain excellent value for the highest quality international arbitration legal representation, please contact us and we would be glad to provide you with a cost proposal concerning your dispute.