The term litigation funding refers to financing a legal claim, usually via a professional, third party litigation funder but also through innovative legal pricing structures.
Litigation Funding 101
Category: Litigation Funding
What is a Litigation Funder?
Third party litigation funding is a form of legal finance, whereby the litigation funder agrees to support your claim financially in exchange for a share of damages recovered.
What are Alternative Fee Arrangements?
An Alternative Funding Arrangement (AFA) is an innovative form of legal finance that greatly reduces the risk of litigation whilst significantly increasing its affordability.
What are Conditional Fee Agreements?
A Conditional Fee Agreement (CFA) is an alternative source of litigation funding in which you only have to pay fees to your solicitor if your case is successful.
What are Damages Based Agreements?
Damages Based Agreements (DBA) are an alternative source of legal funding, in which the risks of litigation are shared between the solicitor and the client.
What is After the Event Insurance?
After the Event (ATE) insurance is a type of Legal Expenses Insurance (LEI) which limits your liability for disbursements (expenses) incurred and your opponent’s legal fees.