Our approach
We offer tailored funding for all, or part of a claimants legal costs. Typically, this includes solicitor’s, counsel’s and court fees, expert witness reports and outlays.
We will consider providing financial solutions for any type of dispute, and at any stage. We don’t have minimum or maximum claim sizes, we will consider all cases and assess each on their own merits.
We use our own in-house legal capability to assess cases, thus speeding up the entire funding process.
If the claim is successful we are repaid our investment, and receive an agreed share of the money recovered. This share can be either a percentage of the value of the claim, or calculated according to the amount we invest. It will always vary depending on the claim itself, the duration and the budget. If the case is unsuccessful, the costs are picked up by us, and we do not ask to be repaid.
When we make an offer to fund a case, the money is immediately ringfenced and will not be used for other cases.
The process
After an initial chat with us, to allow us to consider the case, we will ask for a summary of the case, Counsel’s Opinion (if available), copies of key documents, any available witness statements and expert witness reports.
We carry out our own diligence on the case which will include looking at the economics of funding, merits, the financial standing of the defender and how a judgement will be enforced. We understand that each case is different and motivated by individual priorities. This allows the advocate, solicitor and their client to focus on the case, and above all to pursue justice.
Review
We will let you know as soon as possible if we can help and make an offer to fund a case.
If we make an offer to fund a case, we will draft a funding agreement for consideration which will set out our proposed pricing terms for the life of the claim. This will reflect the level of risk, size, amount required and likely length of the case. If agreement is reached and a contract has been signed, we will begin funding the case immediately.
Who may benefit from litigation funding?
Claimants
Litigants who have a strong claim and would like financial assistance to pursue it through the court system.
You choose your own preferred and best value legal team.
Our financial support will indicate to the opponent our (as well as your solicitor’s and counsel’s) confidence in the case.
Law firms
Our objective is to enable cases which have a reasonably good prospect of success to be pursued in circumstances where this would not otherwise be possible because of the lack of resources of the client and/or concern over a possible adverse award of expenses, especially where the prospective opponent is well resourced and motivated to resist the claim, however well founded it may be.
We pay the legal costs on a monthly basis, or when required, allowing the solicitor to focus on the claim.
We do not insist on conditional fee agreements.
We will never interfere with the running of the case.
In-house Counsel
Litigation funding allows companies to pursue claims if perhaps it does not fit into the legal budget.
Insolvency Practitioners
Insolvency practitioners use litigation funding to pursue claims which would otherwise be written off.
We can also provide written advice on the fundability of a claim, to allow the Insolvency practitioner the comfort that they have explored all options.
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