One of the stages of a matrimonial finance (financial remedy) application is the ‘FDR’ – the Financial Dispute Resolution hearing – at which a judge offers his or her ‘early neutral evaluation’ of the likely outcome of the application.

With the pressure on courts increasing, cases are taking longer to get a hearing, and judges are being allowed less time to hear and consider them. A private FDR is one answer to these problems. We have a number of members, of different levels of call and experience, appropriate to different types of case, who are regularly instructed to act as an FDR judge in a private setting.

Although the rate of successful settlement at a court FDR is good, it is even better at a private FDR

A barrister conducting a private financial dispute resolution will read and consider the papers properly, hear the parties’ representatives, and give a wholly neutral evaluation of the likely outcome. This means that parties to a case can both hear, from an independent expert, what the probable outcome of their case would be at a final hearing. Many people settle their whole case at this point, because both parties then know what they may stand to gain or lose. The savings in terms of time and legal costs can be substantial – for although the rate of successful settlement at a court FDR is good, it is even better at a private FDR. Private financial dispute resolutions also offer a guarantee of privacy, and a dedicated FDR judge for the entire day (who will have had ample time to read the case papers) and comfortable conference room facilities and refreshments, which altogether make the process a lot less stressful than a formal court appearance might be.

If you wish to discuss your requirements with one of 1KBW’s Private FDR barristers then please don’t hesitate to get in touch with a member of our clerking team who will be more than happy to assist with your enquiry.


https://www.1kbw.co.uk | clerks@1kbw.co.uk | 020 7936 1500 | Copyright 1 King's Bench Walk 2020

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COVID-19 and the operation of Chambers: important information for our clients and contacts

 

As part of 1KBW’s continuing commitment to overcome the challenges presented by the present situation 1KBW has fully implemented a stellar video-conferencing and remote hearing facility. We can confirm that it is fully operational both for court and private hearings.

 

Joining a remote court hearing, conference or private FDR, whether as a lawyer or as a Judge, is very simple: You simply ‘click on a link’. There is no need to subscribe to any software or download any ‘app’. We simply email a link to participants, and with one click each participant can join the video conference or hearing.

Click here for further details