Creditor’s Guide to Litigation Funding
We provide assistance to creditors seeking funding for court actions.
Call 0207 504 1300 now for guidance with Litigation Funding
Litigation Funding takes place when a 3rd party finances a court claim for commercial gain. This service empowers and enables claimants who'd otherwise be disenfranchised to get justice, especially in Professional Negligence Claims.
What is Litigation Funding?
Generally, there are 3 common ways a claimant with no money but a strong case can pursue a claim, and secure the services of a lawyer:
- Litigation Funding
- A Conditional Fee Agreement (CFA)
- A Damage-Based Agreement (DBA)
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Whereas lawyers in a DBA take a percentage of whatever the court awards or is agreed in mediation; lawyers in a CFA work on a no win, no fee basis, so their earnings vary depending on the outcome of the case.
Another option for a claimant with a winnable case is to hire a Litigation Funder. They'll take a percentage of the Litigation Funds with interest charged for the duration of the case.
In most instances, a Litigant with a successful claim can expect to receive at least 50% of whatever the court awards. The rest will pay for the lawyers and Litigation Funder.
Litigation Funding is a complex issue. Depending on your circumstance, we can either finance your court claim or recommend a suitable 3rd-party funder. Call 020 7504 1300 now for free and confidential advice…