Litigation can be expensive. This can discourage people from taking action if funding is needed up front, or if the success of litigation isn’t guaranteed.
This is where litigation funding can help. But what is litigation funding?
Litigation funding is where a third party pays for the costs of your claim. In return for doing so, the funder will usually want a proportion of the proceeds if the case is successful.
If your claim is unsuccessful then the funder won’t get anything. It is a good way of ensuring that cases, in which you might not have the resources to run, are able to proceed.
At Jones Whyte, we help our clients find and use litigation funding in the UK.
Litigation funding can take the risk out of litigation.
At Jones Whyte, our litigation funding experts help you find litigation funding options and negotiate with your funder to arrive at the most suitable arrangement. The arrangement will usually involve your funder recovering a percentage of your damages if your claim is successful, or a multiple of the amount of money advanced by them. Additionally, there are disclosure requirements for financial assistance in civil proceedings, particularly regarding the disclosure of a financial interest in the outcome of the proceedings by litigation funders.