Having a claim does not necessarily mean you can enforce it: with Allianz Litigation Funding it does.
You have a claim of at least £100,000, but financial restrictions or other considerations are standing in the way of obtaining your legal rights. Have a look at the advantages of litigation financing with Allianz Litigation Funding - you will be convinced.
Because of high costs and liquidity restrictions a claimant´s rights are often not asserted even though they could be successfully enforced.
Funding all (or parts) of the litigation costs
If we back your case, we may provide the following:
- Funding of usually up to 70 % of own solcitor´s costs (we welcome and encourage Conditional Fee Agreements (CFA))
- Funding of own disbursements (including Counsel´s fees, expert´s reports)
- Payment of ATE premium, if required
- Security for costs by bank Guarantee
- Free of charge assesment of the claim for your client
- Additional credit check of the opposing party
- Personal support in all phases of the proceedings
- Procurement of experts, if desired
Bearing the entire financial risk
If the claim fails, Allianz Litigation Funding bears the costs - you don´t have to pay them back.
In exchange for a share of the proceeds
Only in the case of a successful outcome will Allianz Litigation Funding be entitled to a share of the proceeds recovered as previonsly agreed. There are a number of ways in which our share can be structured:
First, by way of a percentage of the proceeds recovered. If a percentage approach is adopted, it may be anywhere in the range of between 10 and 40 %, sometimes even lower, but very rarely higher. It is after, all your claim. Moreover, the percentages may be ´stepped´according to the stage at which a claim settles or judgment is awarded and/or the amount that you recover e.g.
- 20 % if the case settles before proceedings are issued,
- 30 % of amounts up to ₤ 350,000 obtained by way of a judgment/award or settlement after proceedings have been issued,
- 20 % of amounts exceeding ₤ 350,000.
Secondly, by way of a multiple of our agreed maximum funding risk or actual outlay in respect of the claim, commonly 1.5 to 3 times. Once again we may agree upon ´stepped´multiples depending upon the point in the proceedings that the claim settles or judgment is obtained and the amount recovered. The basis of our agreement depends upon a number of factors, but is often influenced by exactly what and how much we are funding e.g. an ATE premium only.
