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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1 King’s Bench Walk reopened on Monday 6th July 2020

 

1KBW is pleased to announce that, following a stringent risk-assessment, we began the process of reopening chambers from 6th July 2020. A series of measures are now in place to ensure the safety of all staff, members and visitors. We have been successfully working remotely during the lockdown period and a number of staff and members will continue to do so to ensure social distancing measures are kept in place, as per government guidance.

 

We continue to request that all client meetings be conducted virtually, where possible. We are fully equipped to carry on with client conferences via telephone or video link, on any preferred platform. Should you require to come in to chambers for a meeting, please contact a member of the clerking team so that bespoke arrangements can be made.