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Third‑party litigation funding applications: practitioners' checklist covering recovery and enforcement risk, financials (budget, quantum, duration) and prospects of success
CHECKLISTS
Third‑party litigation funding applications: practitioners' checklist covering recovery and enforcement risk, financials (budget, quantum, duration) and prospects of success
Securing litigation funding can take considerable time for clients and their legal advisers; however, supplying a funder-ready application can accelerate matters. The table below serves as a checklist of the principal issues most third party funders expect you to cover, grouped into three categories... Recovery Funders are commercial enterprises that typically see a return only when money is actually received from the defendant(s). Applicants should pinpoint and evaluate any enforcement risks and raise these with the funder at the outset. Tolerance for enforcement risk differs from funder to funder. If a funder is uneasy about the route to recovery, it is unlikely to back the claim, irrespective of the merits and quantum. Therefore, where material recovery risks exist, applicants ought to outline a recovery strategy, even at a preliminary stage. This helps a funder judge, at first sight, whether the matter is
Dispute Resolution
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