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LITIGATION FUNDING

Litigation Funding takes place when a third party finances a court claim for commercial gain. Generally, there are 3 ways a claimant with a strong case but no money can pursue a claim, and secure the services of a lawyer: a Conditional Fee Agreement (CFA), a Damage-Based Agreement (DBA), and Litigation Funding.

Litigation Funding takes place when a third party finances a court claim for commercial gain. Generally, there are 3 ways a claimant with a strong case but no money can pursue a claim, and secure the services of a lawyer: a Conditional Fee Agreement (CFA), a Damage-Based Agreement (DBA), and Litigation Funding.

Whereas lawyers in a DBA take a percentage of whatever the court awards or is agreed in mediation; under the terms of a CFA, legal representatives work on a no win, no fee basis, so their earnings will vary depending on the outcome of the case.

However, for a claimant with a winnable case, another option is to hire a Litigation Funder who’ll take a percentage of the litigation funds provided 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 and the remainder will pay for the lawyers and Litigation Funder.

Litigation Funding is a complex issue and depending on your circumstance I&L can either finance your court claim or recommend a more suitable third-party funder. Call 020 7504 1300 now for free and confidential advice…

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