Claimants

When considering whether to bring a claim against the potential defendant, the cost is a crucial factor. In addition to bearing own costs the claimant can be liable for defendant’s costs as well if the case is lost. The only way to minimise the exposure in this regard is to secure after the event (“ATE”) insurance, but the ATE insurance itself can be pricey. Over the last two decades the market saw exponential growth in the demand for litigation finance as well as product offerings from various funders and ATE insurance providers.

It can be overwhelming for a law firm to find the right match for their cases given the variety of options. We recognise the fact that it is even more difficult for individuals and companies to navigate the litigation landscape. The number of financially strong claimants willingly choosing to de-risk their claims and seek external financing for cases is steadily rising. This approach allows them to remove considerable financial strains, provide necessary cashflow and reduce their financial risk profile. Often litigation funding is the only solution that can provide access to justice, allow for the contentious proceedings to commence and reach their full potential.

* We do not receive commission from law firms