One of our litigation funding directors assesses the case based on the available legal opinions, quantum reports and draft budgets, after a Non-disclosure Agreement (NDA) has been signed. Our team of experienced litigators can deal with this initial stage quickly.
Letter of intent
If the initial criteria are met, we issue our letter of intent setting out our pricing based on the risk, size and length of the case. During an agreed period of exclusivity, we commit further internal/external resources to do our diligence, discuss potential risks and prepare for approval – at no cost to the claimant.
The committee includes three prominent QCs who consider the legal merits and overall proposal in depth.They meet every two weeks.
Funding agreement and case progress
Once the funding has been approved, the funding agreement is signed.
Then our dedicated case managers, all experienced lawyers, pay the bills regularly and on time and review case progress. Together with the claimant’s legal team, they monitor risk.