Slater and Gordon Lawyers have secured the largest single amount of compensation in the UK to date for Interest Rate Swap Mis-selling.
We have represented over 300 small businesses and individuals seeking redress from their bank both through the FCA review scheme, Financial Ombudsman service and courts. We can advise you on the strength of your claim for both direct redress and consequential losses. If you have received a determination on either of these stages fo the FCA review which you are not happy with, we can assist you through challenging the banks decisions within the review and advising on alternative routes to compensation. For those who have not been included in the review, or are not happy with the banks determinations, we can advise and represent you through a legal or regulatory claim. This may also include negotiations with the bank via mediation or a complaint to the Financial Ombudsman Service.
We hope to offer full Conditional Fee Agreements in a substantial proportion of the cases we assess. The fixed fee excludes disbursement expenses we pay on your behalf such as Court fees and any Barrister and expert fees, unless the Barrister is willing to advise on a No Win No Fee basis.
Depending on the strength of your case we may continue with the full Conditional Fee Agreement. If you want to go on but the case is risky we may suggest a partial Conditional Fee Agreement under which you pay reduced fees if you lose but the full fees if you win; or a normal hourly fee agreement where you pay our normal costs whether you win or lose. Whichever applies if you win, most or all of our fees should be recoverable from the defendant.
In addition to our fees and expenses you will also need to consider the risk of losing the litigation and having to pay the defendant’s costs. We will assist you in obtaining ATE insurance to protect you against that risk. If your case has good prospects of success you should be able to obtain ATE insurance. In some cases we may be able to secure ATE that will also cover you for the expenses we incur on your behalf.
If we are unable to offer a full No Win No Fee agreement, some cases may be suitable for funding by a third party litigation funder, but they will take a proportion of your damages as a condition of providing the funding.
We will advise you fully on the cost and funding options that most suit you and your particular case.
There has been a lot of media coverage of interest-rate swap mis-selling recently, and a number of parliamentarians have been calling for an inquiry by the regulators. Some examples of the coverage on Interest rate swap mis-selling is below:
Slater and Gordon Lawyers is one of the UK's largest and well known law firms with offices in London, Manchester, Watford, Liverpool, Chester, Birmingham, Sheffield, Cardiff, Edinburgh, Cambridge, Milton Keynes, Preston, Wakefield and Wrexham.