What are litigation and arbitration funding?
Litigation and arbitration funding are ways 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.
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.
We can finance some or all of the fees incurred by the claimant’s lawyers. While we do not require that claimant lawyers act on a conditional or contingency fee basis, a lawyer’s willingness to take some risk in the outcome of a case weighs heavily in our decision making.
We can also fund disbursements; these may include costs relating to e-disclosure, expert witnesses, and court or tribunal fees.
Woodsford can finance disbursements in addition to lawyers’ fees, or we can fund only disbursements. It is common, for example, for claimant law firms to work on a 100% conditional or contingent fee basis (i.e. where all of their fees are deferred, payable upon success), in which case the claimant requires only finance for disbursements.