header images

insurance

with a

personal touch

The One-Stop Shop for All Types of Litigation Funding

As a specialist Intermediary we now offer a one-stop shop for all types of litigation funding – both ‘before’ and ‘after’ the event.

We continue to offer open market ATE for commercial litigation, personal injury schemes (including adverse costs only covers). Not only do we support our employment insurance partners with Tribunal fee funding we can now access the latest up-front funding products for commercial litigation.

Suitable for most contract disputes with quantum over £25k here is a summary of the most recent innovations from our partners in the funding market:

NON-RECOURSE FUNDING CLIENT LEGAL COSTS FUNDING
A contingency fee based loan arrangement with no-recourse to the client DESCRIPTION Personal loan to the client' This is an unsecured loan and subject to credit checks. Once approved the funder agrees a maximum loan for the claim - legal costs only. An escrow ‘credit account’ account is set up for each client and drawn down by lawyer as required. Repayable over 5 years maximum or when claim is concluded.
Contract disputes with quantum at least 2:1 ratio of damages to costs and prospects 65% as evidenced by Opinion. ELIGIBILITY Contract disputes with quantum at least 2:1 ratio of damages to costs and prospects 65% as evidenced by Opinion.
Can be used for own costs, disbursements and ATE premium SCOPE OF FUNDING
  • Can be used for own costs, disbursements and ATE premium.
  • Lawyer is expected to discount hourly rate to reflect upfront funding.
  • No fees
  • 1% interest charged on loan plus contingency fee usually 20% of sum recovered less (loan +interest + cost balances outstanding)
COST TO CLIENT
  • Initial application fee non-refundable £125, further £165 fee on approval of claim.
  • Simple interest at 6-9% of loan
  • Yes – Usually ‘staged’
  • To cover both sides costs and disbursements.
  • ATE Case assessment fees may apply.
ATE insurance mandatory
  • Yes – Usually ‘staged’
  • Must insure own costs if borrowed plus the loan interest.
  • ATE Case assessment fees may apply.