The Risks Of Litigation
Your Own Solicitor's Costs
The legal costs involved in litigation can be eye-watering.
We signpost to solicitors who offer a Conditional Fee Agreement. This means that you are not liable to pay all or part of their fees if you lose your claim.
Conditional Fee Agreement
Disbursements
Whether you win or lose your case, it is likely that you will need to pay the costs of the expert and the barrister who advises you.
We can fund these costs for you and signpost you to ‘A’ rated insurers who can insure you against having to pay these costs if you lose your claim.
A Rated Insurers
Opponent's Costs
If you lose your claim, it is likely that you will be ordered to pay all or some of your opponent's costs.
The aforementioned ‘A’ rated insurers can insure you against having to pay these costs if you lose your claim or if you are ordered to pay costs during your claim.
A Rated Insurers
Funding Solutions
How we change Litigation
What do we fund?
We fund all of the costs of the litigation that you are required to pay upfront or on an ongoing basis. These include:
- Your solicitors legal costs that are payable under a Conditional Fee Agreement
- Your disbursements such as barrister’s fees and expert’s fees
- The cost of litigation insurance called After The Event (“ATE”) Insurance which protects you against the financial risks of litigation.
Upfront & Ongoing Costs
Your Disbursements
An Opinion from King’s Counsel, a senior barrister is always required. They will advise you on the law and how likely you are to win your claim. This can be extremely costly but absolutely essential to ensure that your claim stands the best prospects of success. It is often necessary to instruct experts
- To advise on your claim
- To give evidence in Court as expert witnesses on your behalf.
These experts may be financial, economic or an industry expert
Barrister's & Expert's Fees
Conditional Fee Agreements
Conditional Fee Agreements (also known as ‘No Win No Fee’ agreements).
This is a funding arrangement between solicitors and their clients whereby the solicitors can agree to defer all or some of their fees, and charge you the deferred element of their fees only if you win your claim.
We will fund the balance so that the solicitors and us fund your claim and back you.
‘No Win No Fee’ Agreement
Clients & Partners
We work closely with
Corporate Claimants
Insolvency Practitioners
- Unlawful distribution of assets
- Fraud
Individual Claimants
Law Firms
What do you pay?
Deductions From Damages
Deductions from damages. If you win your case, there will be certain deductions that will be made from your damages which include:
This is the return which the funder earns from having risked its capital to back your claim.
With a good legal team on your side, you'll have the best chance of your claim being successful.
Which cannot legally be recovered from your opponent.
Insurers
We work with a Managing General Agent (“MGA”) called Global Litigation Limited (“GLL”). MGAs are specialist underwriters who manage risks for insurers.
GLL have a specialist team of legal underwriters who will carefully assess your claim and ensure that you have an insurance policy that covers you against the litigation risks that you face.
GLL places the insurance with a select group of insurers, all of whom are ‘A’ rated and which includes:
A leading global insurer with 35 offices throughout the world. It has a strong balance sheet of €35.5 billion, over €22.9 billion of assets invested and an A Rating with Standard & Poor’s, Moody’s, Fitch and AM Best. Link.
A global insurer operating in over 175 countries throughout the world. It is part of the Talanx Primary Insurance Group. HDI Speciality is rated A+ by Standard & Poor’s and A+ by AM Best. Link.
Case Studies
Individual Claimants
- The claimants had a good claim against an international IT company for anti-competitive practices.
- The claimants wished to pursue a claim in the Competition Appeals Tribunal.
- Without our assistance, the client could not have afforded to pursue the claim.
Insolvency Practitioner
- The Insolvency Practitioners did not have sufficient funds to pursue the claim against the defendants who had unlawfully appropriated expensive machinery belonging to the insolvency company.
- The Insolvency Practitioners also pursued a claim for unlawful occupation of a property leased to the insolvent company.
- Without our assistance, the client could not have afforded to pursue the claim.
Corporate Client
- The client’s IP rights over the design of a product were infringed and the defendants were making a considerable profit from the client’s IP design.
- We helped the client to secure funding to cover its legal costs, to obtain advice from Kings Counsel and to enable them to pay for ATE insurance to insure against the risks involved in the litigation.
- Without our assistance, the client could not have afforded to pursue the claim.
Expert Guidance For Claimants
Contact us today and learn more about how an experienced professional can help you.
