Jurisdiction(s):
United Kingdom

Third‑party litigation funding applications: practitioners' checklist covering recovery and enforcement risk, financials (budget, quantum, duration) and prospects of success

Published by a LexisNexis Dispute Resolution expert

Checklists

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 fundable...

Financials

Funders regard legal claims as an asset class. Consequently, they must grasp the headline economics of their investment in the event of success...

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Roni Pacht

Ambridge

Roni joined Ambridge in February 2024 as Director, Contingency. Before joining Ambridge, Roni was an Investment Manager working for a Litigation Funder in London, where he was responsible for assessing legal risk, structuring and managing complex investments in contingent legal assets, and monitoring claims.Prior to Litigation Funding, Roni was Vice President (Litigation) at the world’s oldest sovereign wealth fund (the KIO), where he headed the global securities and group action litigation business and sat as a member of the KIO’s Litigation and Regulation Oversight Committee.For many years, Roni was a disputes solicitor at tier 1 international law firms (Dewey & LeBoeuf, CMS, Debevoise & Plimpton, SPB), with a particular focus on litigation and arbitration of commercial disputes. Roni holds a BA (Hons) from King’s College London and an LLM (first class) from the London School of Economics. He was called to the Bar in 2007...

Web page updated on 20/05/2026

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