We recognise that each Civil Litigation claim is unique and that each of our clients may have various different reasons for utilising Litigation Funding facilities (such as cash-flow issues, transfer of Liabilities from Balance Sheets/ Accounts/Financial Statements or simply that the client requires for a third party to alleviate some of the arduous burden of financing or funding their Commercial Civil Litigation action). As such, Fortress Legal Finance will advise as to what type of litigation funding solution would be most suitable for each client’s own unique requirements, typically these could include a range of funding options such as:
A full funding solution of all of the costs (including Legal costs and After the Event (“ATE”) insurance premiums) associated with the Civil Litigation case (please note that in such circumstances Fortress Legal Finance will work on a contingency fee basis (also known as an “uplift” type of engagement) with any such contingency fee only being payable upon the successful settlement of the claim/case itself
A partial funding solution of some of the costs (including Legal costs and After the Event (“ATE”) insurance premiums) associated with the Civil litigation case (again, please note that in such circumstances Fortress Legal Finance will work on a contingency fee basis (also known as an “uplift” type of engagement) with any such contingency fee only being payable upon the successful settlement of the claim/case itself
In both of the above options, our Litigation funders will review the case(s) concerned and if funding is thereafter offered then this will usually be on the basis of being on a No Win- No Fee / Non- Recourse Basis to our clients- this means that the litigation funding of the case is secured only against the anticipated successful outcome of the Commercial Litigation case/claim itself with the funder only being paid from the proceeds of the successful litigation for a pre agreed contingency or uplift factor being applied.
It is worth noting that should the Commercial Civil Litigation not be untimely successful for our client(s), then the Litigation funder would bear all of the costs themselves and as such that there would be no liability to our clients for any Costs whatsoever in that regard.
By arranging a loan or loans on a Recourse basis
We recognise that on occasion some clients may not wish to utilise the No Win- No Fee type of litigation funding model and as such Fortress Legal Finance can offer direct access to various commercial loan providers who specialise in offering loans exclusively for litigation purposes, examples as to what these loans may be utilised for include: Barristers Opinions/Advice Notes, Security of Costs Orders, Expert Reports, and various other disbursements usually associated within any Civil litigation process. In this regard, please note that we can only provide access to such loan facilities for amounts of £25,000.00 and over and we may also charge a facilitation fee which will be calculated on the basis of the level of litigation funding provided.