We provide a range of funding solutions that remove some or all of the financial risk associated with litigation.
We know that litigation can be a daunting, expensive and lengthy process. Pursuing justice for claimants requires strength, resolve, expertise and a detailed understanding of risk.
Our combination of legal and financial expertise, combined with secure capital funds, means we can move quickly to deliver tailored funding solutions that remove some or all of the financial risk associated with litigation.
What is litigation funding?
Litigation funding is a way of redressing the balance of legal claims. Until recently, well-funded defendants were frequently able to outspend their opponents and make the pursuit of justice difficult, risky and, in some cases, impossible. This often meant justice was not pursued, even when a business had an excellent claim.
Litigation funding from Woodsford can bear as much of the cost and risk involved in pursuing justice as you need, enabling sound actions to go ahead when they might otherwise stall.
What’s in it for Woodsford?
In return for taking on significant financial risk, Woodsford receives a percentage of the damages recovered or a multiple of the costs funded – assuming the case is won. If the proceedings fail, we receive nothing and may even face liability for the other side’s costs.
Why seek litigation funding?
Historically, parties with good claims but without the financial strength to pursue them have turned to third party litigation funding. On balance, it is often better to share the proceeds of a successful case than keep 100% of an action they can’t get over the finish line on their own.
Increasingly, businesses with the means to pursue litigation are turning to third party litigation funding to reduce the risk involved inherent in any litigation, mitigate the detrimental effect of lengthy claims on cash flow and to remove litigation costs from the balance sheet.
There are three key factors we look at when we assess a case.
Litigation Funding offers portfolio funding arrangements for claimants and lawyers on whom we have been able to carry out enhanced due diligence, for example through previously financed cases.
Woodsford offers portfolio funding arrangements for claimants and lawyers on whom we have been able to carry out enhanced due diligence, for example through previously financed cases.
A successful court judgment is often not the end of the litigation process: rather, it can be a staging post along the way to successful recovery.
In many jurisdictions around the world, class actions, or other forms of group litigation, have established a means by which a large group of businesses, investors or other individuals can combine together in a single litigation.
Following a successful litigation action, cash flow can become a major issue for law firms and claimants alike as they face further delays in the realisation of any award.
Adverse costs orders are increasingly prevalent in international litigation, with many jurisdictions following the English model whereby the loser pays some or all of the winner’s legal costs.
Is Your Litigation Case Right for Funding?
There are three key factors we look at when we assess a case: First, we look for cases with strong merits. We will fund a wide range of cases including, but not limited to, the following categories: corporate and company matters, professional negligence, tax/VAT, anti-trust, financial services and banking; insolvency, intellectual property, high-value divorce.
As the costs and risks of international arbitration grow, our hugely experienced team can provide you with the right financial solution to support any type of case across many jurisdictions around the world.
Law Firm Finance
Increasingly we work with leading law firms who are looking at innovative ways to finance their business growth and support their clients quickly, while effectively managing and mitigating risk.