The litigation finance market is evolving rapidly. Moving into line with more mainstream financial investment products, it is becoming easier for us to access greater choice of funders and more realistic pricing levels. The coming year will see further high profile investment vehicles targeting volume lower-quantum cases, portfolio blocks of cases, hybrid DBA arrangements, as well as new ways of financing legal firms.
Third-party funding is no longer restricted to £ 1m plus disputes. New products are emerging to provide investment for cases as low as £ 50k to £ 250K in quantum.
Presenting clear risk and budget information (to the correct funder for your type of case) is a timesaving essential and is imperative for reducing the costs of unnecessary due diligence. In addition, ATE and funding applications go hand in hand with securing finance, which is normally conditional upon adverse costs and own costs insurance being in place.
If you are unable to initiate or progress a meritorious legal case (for damages) due to lack of finance; or would simply like to explore factoring/financing your legal case to protect cash flow, and/or investigate how best to employ your capital more profitably elsewhere, please contact us for details.
It is worth noting that funding may be available on a partial investment basis (i.e. expenses only). It does not have to be ‘all or nothing’. Importantly for some businesses, immediate payments can now be secured for any retrospective costs or expenses previously incurred.
