Third-party litigation funding allows you to cover your legal costs through an uninvolved party.
How Does Litigation Funding Work?
A UK litigation funding party will assess your case before deciding whether to cover your costs in exchange for a percentage of your winnings. If you don’t win your case, you won’t have to pay the funder.
Can I Get Partial Funding?
Most funders will be happy to fund part of your legal costs. This is a highly personalised process designed to meet your needs.
Who Can Apply for Litigation Funding?
Businesses such as //www.novo-modo.co.uk/litigation-funding specialise in finding solutions for those who can’t afford their legal costs. Whether you’re a business, an individual, or part of a class action suit, they will match you with a funder wherever possible.
What Kinds of Cases Do Funders Accept?
Funders are investors, so they look for opportunities that will turn a profit for them. If they believe you have a good chance of winning, they will usually fund you.
How Long Does It Take To Secure funding
Funders do careful due diligence, so they will usually take four to six weeks to study your case and its merits.
Do I Have To Speak To a Lawyer Before Seeking Funding?
It’s best to consult a lawyer before approaching a funder, otherwise they won’t be able to assess your case.
Litigation funding is a debt-free solution that gives you the freedom to pursue a lawsuit. It benefits both you and your funder, so it’s well worth considering.