Private Financial Dispute Resolution (Private FDR) is a new service we have designed to meet the growing need for a non-court-based resolution service for family finance cases.
All financial remedies practitioners will be familiar with the high rate of settlement that can be achieved through the FDR process but settlement is highly dependent on the expertise and experience of the FDR judge and the time available to the judge and parties during the process.
Private FDR is a way of capturing the benefits of this approach while avoiding the stress, unpredictability of a court-based FDR. It involves using an independent third party – adopting a quasi-judicial role – to assist both parties to reach an agreement, much in the way that a family judge does at a court-based FDR. The ‘judge’ will read and hear the cases advanced by each party and provide his or her opinion as to the likely outcome of the case should it proceed to a full final hearing or arbitration.
Everyone in our Private FDR team is a financial remedies specialist, some of whom also sit as part-time judges and recorders.
The advantages to the parties involved in taking this approach include:
Our panel of Private FDR specialists adhere to our own chambers standard of excellence, which contains very specific criteria, i.e. members who show real commitment to conflict resolution, sit in a Judicial capacity and who are Financial Remedy experts. These chambers standards serve to put clients at ease and reassure them that their case is being dealt with by an appropriately appointed expert.
The table below represents Counsel’s ‘standard’ fee to hear a Private FDR hearing, with a time estimate of one day, and includes all reading time and preparation. If you would like to discuss a case which you believe falls outside of the ‘standard’ range our clerks Sean Gentleman (email@example.com) or James Collier – ADR clerk (firstname.lastname@example.org) +44 (0)20 7353 0711 – would be happy to discuss your individual needs, please just get in touch.
|Leslie Samuels KC||£5,000.00 + VAT|
|Edward Boydell||£3,500.00 + VAT|
|Imogen Robins||£3,000.00 + VAT|
|Geoffrey Kelly||£3,000.00 + VAT|
|Oliver Peirson||£3,000.00 + VAT|
|Richard Hall||£3,000.00 + VAT|
|Mark Dubbery||£2,750.00 + VAT|
|Annie Ward||£3,000.00 + VAT|
|Andrew Grime||£2,750.00 + VAT|
|Helen Brander||£2,500.00 + VAT|
|John Chapman||£2,500.00 + VAT|
|Tara Lyons||£2,500.00 + VAT|
|Alexandra Gilmore||£2,500.00 + VAT|
|Elizabeth Spence||£2,500.00 + VAT|
|Jennifer Lee||£2,500.00 + VAT|
|Paul Mertens||£2,500.00 + VAT|
“I was very relieved to settle that case and as always he cut through the nonsense quickly and getting such a sensible indication was a big help to the parties in successfully reaching a conclusion.”
Managing Partner for one of the parties in a recent Private FDR hearing – (Mr Geoffrey Kelly acting as the Private FDR Judge)
“To consider and, if possible, use ADR is an absolute must in modern family law practice. Pump Court Chambers excels in this area, and has never disappointed me with its immensely strong team of highly ranked barristers available to sit as judge/arbitrator or represent clients in private FDRs, early neutral evaluations and the like. At a recent private FDR, we benefitted from a Pump Court Judge and Counsel. Counsel was impeccably prepared, as always, but particular mention must go to the Judge for her strong grasp of the facts and nuances of the case. Her indication was firm, clear and well-reasoned, laying down the path for the parties to have further negotiations. She was available all day, as and when required by the parties and their legal teams, and I have no doubt that this flexible approach was key to settlement being achieved on the day. This is about much more than replicating a Court FDR in more pleasant surroundings. It’s about a neutral expert having the time to deal with a case fully and properly, and giving the parties the benefit of a high quality indication about the outcome of their case. Worth its weight in gold”
Jennifer Williamson, Partner Blake Morgan
If you require help or advice please contact our clerking team.
Call +44 (0)20 7353 0711 or email email@example.com.