The time it takes to complete our review process and decide whether to fund your case depends upon the amount of additional due diligence we need to do in order to complete our evaluation of your claim.

Step 1
A summary of the case comprising the 4 elements of what we look for in a case is provided by the advisor (not the Claimant) running the matter. We will review that summary and request additional information if the case has passed that initial hurdle.

Step 2
If the case is of interest after a review of any additional information requested, we will arrange to meet with the Claimant and their advisor and enquire more extensively into the background to the claim, its merits, value, timeline and likely costs to trial.

Step 3
In the event the case remains of interest, we will complete a background check on the Claimant and then submit the case for formal approval for funding.

Step 4
In the event the claim is approved, a funding agreement will be entered into with the Claimant which sets out the extent of, and the terms of, the funding. The amount charged for funding will be a factor of the amount of funding required, the value of the claim and when the matter is likely to conclude.  Standard funding terms are the greater of a percentage of the proceeds of the action or a multiple of the amount of funding provided at the time the matter concludes.

The Claimant will engage its advisors in the usual way, and the advisor is paid their usual hourly rate.

For funded cases, all bills that have been agreed to be funded, are paid on a monthly basis, throughout the life of the case.

Ongoing monitoring
As the claim proceeds, the advisor provides Harbour with a monthly report on the progress of the case. If successfully concluded, whether by way of settlement or judgment at trial, the proceeds are paid to the Claimant and Harbour in accordance with the terms of the funding agreement. If the matter is unsuccessful, all agreed costs are borne by Harbour.