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 each dispute in their favour.
Although our firm’s track record is among the best in the field of international arbitration, we typically charge one-third the legal fees of the large corporate firms we usually face and where we previously worked.
We can offer unbeatable value because our firm is modern, highly-experienced in international arbitration, has the highest standards, makes use of the latest technology, maintains a reasonable cost structure and we always love 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 GBP 1,007,284.90 (USD 1,408,194.36), our legal fees were capped at USD 250,000.00, and our client won the full value of its claims, the opponent’s large counterclaims were dismissed and our client was reimbursed the majority of its costs.
Similarly, in a recent LCIA arbitration, our hourly rates were approximately one-third those of opposing counsel, which lost on all issues in the award that was rendered. In a recent ICSID investment treaty arbitration, our own legal fees were approximately one-fourth those of the large corporate firm we faced, and we succeeded on the issues for which we were responsible. In UNCITRAL, ICDR and JAMS arbitrations, our own legal fees have also paled in comparison to opposing counsel’s fees, although the disputes were settled on highly favourable terms for our clients.
We hold ourselves to the highest standards and guarantee the quality of our work: if a client is not entirely convinced that it is receiving the very best international arbitration legal representation available, as well as the best value for its legal expenditures, then we will reimburse all legal fees it has paid over a three-month trial period with no questions asked.
We also ensure true cost predictability for our clients. As some lawyers renegotiate caps mid-course on the basis of various pretexts, our standard letter of engagement contains a provision whereby caps cannot be renegotiated unless over five times the initially anticipated amount of work is required, ensuring no cost overruns.
We are flexible in terms of billing. We bill on the basis of hourly rates, on a capped stage-by-stage basis, on a partial success fee basis or using a combination of these methods.
For respondents in international arbitrations, Aceris offers a holdback arrangement, whereby a portion of legal fees is never paid unless the matter is concluded in line with our client’s interests.
We have also successfully assisted clients in obtaining third-party funding in the past, for both commercial and investment arbitrations, at no cost.
If you would like to obtain excellent value for the highest quality international arbitration legal representation, please feel free to contact us and we would be glad to provide you with a cost proposal concerning your dispute or to schedule a meeting to discuss your case.