What do we look for in a case?
There are three key factors we look at when we assess ‘is your case right’: First, we look for cases with strong merits. We will finance 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.
Second, it’s vital that the defendant has the financial strength to meet the claim.
Third, the claimant must also have a credible strategy as to where and how a judgement or award against the defendant will be enforced.
Minimum claim size
With regard to claim size, the claimant must have suffered provable damages of at least £3m/US$4m. Ideally, an expert and independent third party – for example, forensic accountants – will have already advised on quantum. However, this can be commissioned after the finance agreement has been signed.
Naturally, we will want to ensure that the finance cost is proportionate to the claim value and we normally look for a ratio of 10:1 in terms of realistic claim quantum to funding requirement. Small claims with large costs don’t work economically.
You run your case
While we are always happy to put our world-class litigation experience and network of experts at your disposal, we recognise that the claimant and their legal team are in charge of running the case.
For more details, download our whitepaper, A Practical Guide to Litigation Finance.