Litigation funding will help you to manage the cost of a court case until it has been resolved. If this is an option for you then here are some of the most important things you should consider.

1. WHAT YOU NEED TO CONSIDER
BEFORE GETTING LITIGATION
FUNDING
Being involved in a court case is not only stressful but it can be very pricey. One of the most important
parts will be your lawyers’ fees. If you’re planning on finding extra financial assistance then a litigation
funding company may be just the thing you’re looking for.
Litigation funding will help you to manage the costs until after the court case has been resolved. If this is
an option for you then here aresome of the most important things you should consider.
Know exactly what you’re looking for
When searching for a litigation funding company you need to avoid the ones who are offering promises
or asking for payments upfront. The companies who have the best interest in helping you won’t be
expecting any money up front, especially when they know you haven’t got enough money to give. Just
be sure that when looking for a company you pick one who fully evaluates your case and offers genuine
help.
Find out if your case can be considered for litigation funding
Litigation funding companies tend to only get involved if your case is worth more than £2/3 million.
Before signing a contract with a litigation funding company you will need to discuss your current financial
situation with your lawyer and tell them you’re considering getting financial help. This is because when
applying for help you will be required to provide information that only you and your lawyer would know.
You should always be aware which information is being exchanged as, for privacy reasons, some bits of
important information should remain between just you and your own lawyer.
Be careful picking a Litigation Funding company
Applying for litigation funding can be very time consuming and can take a lot of effort. You need to make
sure that your chosen litigation funding company won’t sell your case to other companies. Becareful
choosing the right company by talking to several different ones and seeing which one can offer you the
best possible option.
If you have any other question regarding litigation funding then always ring up and ask. Don’t be too shy
to ask your chosen funding company questions. If you want to know anything in particular, such as their
terms and conditions and/or any other fees they may charge, then it’s always best to double check these
things first. This will help to avoid any unpleasant surprises in the future.