sources of funding

Question 1

how many sources of funding are there? and what are they called?

Answer 1

there are 7 and they are:
-own resources 
-insurance 
-state funding 
conditional fees arrangement (CFA)
-trade union membership 
-citizens advice 
-Pro Bono

Question 2

advantages and disadvantages of using your own resources

Answer 2

advantages:
-hire whichever legal team you wish 
disadvantages:
-highly expensive ]-takes a long time 
-you may end up in a lot of debt

Question 3

advantages and disadvantages of using your insurance

Answer 3

advantages:
-it is mostly free, if you qualify to use it
disadvantages:
-may have a bigger premium to pay after this
-you are only given this if there is a good chance of you winning

Question 4

advantages and disadvantages of using state funding

Answer 4

advantages:
-it is free if you qualify 
disadvantages:
-legal aid has been cut in many sectors 
-you may still be in debt as you may not get full state funding

Question 5

advantages and disadvantages of using CFA’s

Answer 5

advantages:
-no legal fees if won 
-free solicitors advice 
disadvantages:
-only take your case if you are likely to win 
-still pay fees even if you win

Question 6

advantages and disadvantages of using trade union memberships

Answer 6

advantages:
-all/most services provided by them a free
disadvantages :
-if there are strikes you may not get any work done

Question 7

advantages and disadvantages of using CAB

Answer 7

advantages:
-free advice 
-can help with a wide range of things 
disadvantages:
-can only advise you on what to do

Question 8

advantages and disadvantages of using pro bono

Answer 8

advantages:
-its free
-can help you get the advice you need
-some barristers may represent you in court
disadvantages:
-not all lawyers are willing to do this
-most lawyers may not represent you well as it is free

Question 9

define state funding

Answer 9

state funding is money that the government gives you to help with your legal issues if you meet the criteria

Question 10

define CFA

Answer 10

Conditional Fees Arrangement. They are no-win, no-fee lawyers and a percentage is agreed of the amount of compensation you will get.

Question 11

define trade union membership

Answer 11

A trade union is an organisation that fights for the rights of a particular trade.

Question 12

define CAB

Answer 12

Citizens Advice Bureau is a charity that helps by giving people free legal advice

Question 13

define Pro Bono

Answer 13

Pro Bono is free legal advice and help given by both solicitors and barristers to help build up their reputation