We would like to create unique eco system to satisfy all market players’ needs. We are creating network of lawyers, funders and ATE insurers to accelerate processes and improve efficiency. Unlike most market players we are opening an outreach channel for individuals and corporate entities.
Yes. Registration is free for all parties. We are paid commission by funders and ATE insurance providers / brokers based on the generated deals, and ad hoc work we do for our clients.
No. We do not fund cases. We facilitate access of claimants and lawyers to the extensive range of selected funders and ATE insurance providers / brokers. We act as a facilitator between claimants, lawyers, funders and insurers.
Our platform’s flow is designed in the way to make the process as fast as possible. Initially, you will have an option to share the summary of the case with few selected potential funders to test their appetite. We strongly advise to submit the final application to several funders to secure competitive rates and encourage quick turnaround process.
Yes. We try to make the platform easy to navigate. When you register with us, you will be provided with a detailed manual on how the platform works. We are always happy to provide demos to interested parties.
Third party litigation finance is when a third independent party, who has no connection to your (potential) claim, decides to partially or fully fund the legal cost of the claim in exchange for certain percentage of cost or recovered proceeds.
Litigation finance promotes access to justice for people who cannot afford it otherwise. However, in recent years an increasing number of financially strong entities started attracting third-party financing in order to outsource financial risks associated with litigation. Litigation can be an expensive and long process. In some cases, defendants can drag the process in order to drain claimant’s finances. Because of that, the cost can spiral out of control. Being backed by the litigation funder also adds weight to the claim as independent third party believes in the merits of the case. You are showing to the defendant that you have enough financial power to take the case all the way to the court.
Not always. Most of the funders work only with lawyers and it is helpful to have input from legal team who will be acting on the case. Funders prefer to know the track record of the legal team handling the case before agreeing the funding.
There are two ways of applying. Some funders require completion of the application form, whilst others work without the questionnaire. However, in both cases sooner or later they will require the same type and amount of information. We designed our application form in a way to cover all aspects and questions that can arise during the due diligence process. Applicants can familiarise themselves with the questionnaire to understand the extent of the information required by funders. We try to keep mandatory fields to the minimum. Nevertheless, we encourage applicants to complete as many fields as possible to speed up the process.
Litigation funding is a commercial transaction. Funders are looking to make a profit on investments. The first thing they are looking for is the ratio of the claim size to the claim cost. Usually, this ratio should be above 4:1 for the case to be considered. The target ratio is above 10:1.
The second indicator they are looking for is the size of the (potential) defendant’s assets – whether defendant’s assets are greater than the size of the claim.
Thirdly, funders want the merits of the claim to be assessed by the independent experienced counsel. Usually, they expect success rate to be over 50%.
On average 4% of all applications are funded. Chances of success should increase with us as you will get access to the broader pool of funders and ATE insurers.
It is generally a slow process and depends on many factors such as complexity of the case, jurisdiction, location of assets etc. The process generally takes months and each funder usually asks for exclusivity while considering the case.
Generally, the unsuccessful party will be required by the court to pay a portion or very nearly all the costs of the successful party. Normally these costs are met through the ATE insurance cover and the claimant who has obtained the necessary ATE insurance cover pays nothing on top.
Reputable funders normally remain passive in disputes in which they have invested. The claimant keeps full control over all decision making.
No. Each funder has different approach and risk appetite. Even two similar funders can have different approach to the same case (i.e., one can refuse while another can happily agree to fund the same case).
We are about quality and comprehensive service rather than numbers. We would like to have a unique selection of litigation funders covering all types of claims and variety of regions. While the number of the funders is changing, we aim to have a panel of around 15-20 funders.