Litigation Funding
Litigation funding, also known as ”litigation finance” or ”third party funding” is defined as a transaction in which a third party provides the financial resources to enable costly litigation or arbitration cases to proceed. The private commercial litigation funder, who has no direct interest in the proceedings will fund the litigants either all or in part for legal costs. Litigation funder’s return is tied to the success of the case(s). In return for providing the monetary resources up-front for the litigant, the funder receives a portion of a pre-agreed settlement or judgement.
As in contrast, if the case is unfavourable to the litigant, the funder recovers nothing and nothing is owed by the litigant.
For Claimants
- Legal expenses locked in
- The means to pursue a claim to conclusion signposted
- Insurance available for any liability to pay an opponent’s costs
- The ability given to access and pay for a great legal team
- Ongoing additional expert input on risks that arise
For Legal Team
- Enables more good cases to be taken on
- Provides assurance that fees will be paid promptly
- Ensures clients with good claims have the means to pursue them
- Reassures risk averse clients that downsides are covered
- Gives access to a second opinion on risk from seasoned risk professionals
Our Assurance
As a litigation funder, we will make available funds to pay legal and other costs associated with a claim in return for an agreed share of any successful return. If there is no recovery, or if the claim is lost, there is no debt to repay as we provide protection for the claimant by assuming the risk.