Harbour funds law firms on a full or partial basis when they are instructed on a Damages Based Agreement (DBA).
Law firms can benefit from funding when instructed by their clients via a damages based agreement (a DBA). Working closely with leading costs QCs, Harbour has developed and deployed a bespoke product which allows law firms to work with their clients via a DBA whilst offsetting unbilled WIP and disbursements via a separate agreement with Harbour.
Typically, Harbour pays all disbursements and a proportion of the law firm’s WIP. On success, the proceeds are divided between the law firm and Harbour in proportion to the respective financial contributions made (costs paid by Harbour and WIP foregone by the law firm).
Harbour Litigation Funding Limited (“Harbour") - Reg. No 06426478 - is authorised and regulated by the Financial Conduct Authority and acts as the sole investment sub adviser to Harbour Litigation Investment Fund, L.P., Harbour Fund II, L.P., Harbour Fund III, L.P. and Harbour Fund IV, L.P. (the "Harbour Funds”).