There are a growing number of ways that we work with claimants, law firms, corporations, and advisors to support them in seeking legal redress.
Alongside single case funding, our offering to claimants and law firms is primarily four core products.
These include; claim and award acquisition, portfolio funding, working capital facilities and insuring litigation costs.
Claim and award acquisition
Where a claimant wishes to monetise a claim, at any stage in the claim, we can purchase claims and judgments. This can include an up-front payment or partially deferred payments, pending success in the proceedings.
Portfolio funding
Where multiple claims require funding, we have two offerings:
- Law firm portfolio – where a law firm is running multiple cases on conditional or contingency fee agreements and wishes to hedge the attendant risk of such agreements, we can pay up to 100% of the value of the legal fees deferred by the law firm under its contingency fee agreement. In exchange, we take a pre-agreed share of the law firm’s success fee.
- Claimant portfolio – where a claimant intends to bring multiple claims arising from different causes of actions, we can provide both funding and adverse costs indemnities for all claims in the portfolio.
Working capital facilities
We offer loan facilities to law firms to fund working capital, enabling firms to invest in their businesses. Repayments can be made on the basis of pre-agreed rates or tied to successful outcomes of cases being run on a contingency fee basis.
Single case funding
We provide funding for claimants’ legal fees and disbursements incurred in pursuing single claims, whether brought against one defendant or several. We also provide claimants with indemnities to protect against adverse costs. Should the claim succeed, and only if monies are awarded, we take our pre-agreed share.
Insuring litigation costs
All litigation entails risk. Whether in conjunction with funding or not, Harbour Underwriting offers adverse costs insurance, own-side disbursement insurance, own-side solicitor’s fees insurance and damages capping products. Together, these products offer a comprehensive litigation risk solution.
