One of the most frequent doubts of those affected by the failures of the 1.2 PureTech engine is whether claiming has any cost. In this guide, we provide clear and transparent answers to the following questions how much it costs to participate in the collective claimWhat percentage is applied to a possible compensation and under what conditions.
How much does it cost to claim?
Nothing at the start.
PureTech Legal has opted for a “pay for success” model. “pay for success” modelmodel, which means that the affected party does not have to does not have to advance any money or take any financial risk..
What are the firm’s fees?
Fees only apply if an indemnity is obtained. In that case, the firm will retain a previously previously agreed percentagewhich is usually between:
- 25 % y 30 % of the amount recovered.
This percentage: - Includes all legal, administrative and case managementadministrative and case management costs.
- It is clearly specified in the professional order form.
What does this percentage cover?
✔ Drafting and filing of out-of-court injunctions.
✔ Drafting of the legal claim.
✔ Legal representation before the court.
✔ Access to private area and case tracking.
✔ Consultations and personalized attention throughout the process.
The affected party will not have to pay solicitors, experts, fees or costs, unless expressly condemnedunless expressly condemned (and in this case, prior information would be provided).
What if the case is not won?
The affected party pays nothing.
If no compensation is obtained, the customer shall not pay does not have to pay any amount. The law firm assumes the legal and economic risk, as part of its commitment to the affected parties.
Why does this model benefit the affected party?
- No initial investment is required.
- The firm only gets paid if it wins.
- It generates a relationship of trust and alignment of interests.
- Democratizes access to justice for all those affected.
Conclusion
There is no upfront cost to participate in the collective PureTech no upfront costs are involved. Only if compensation is obtained, the firm receives an agreed percentage, with no surprises or hidden costs.
If you have suffered a PureTech engine-related breakdown, don’t miss this opportunity. Claiming is safe, simple and without financial risk.