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Litigation Funding for Accountancy Firms

Litigation funding for accountancy firms is a strategic financial arrangement where third-party capital is used to cover legal fees, allowing firms to engage in legal disputes without impacting financial stability. This litigation funding solution ensures firms can pursue justice in cases like professional negligence claims or regulatory disputes, facilitating significant potential recoveries.

Secure up to £500,000 in Litigation Funding with Funding Agent.

  • Quick and easy application process
  • Loan disbursed within 24 hours
  • No additional charges for early repayment
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What are the benefits of Litigation Funding for Accountancy Firms?

Embracing litigation funding allows accountancy firms to pursue claims without risking their capital, with funding solutions up to £20 million. This enhances their ability to recover damages while maintaining cash flow. Our offerings promise streamlined funding application processes with decision times as quick as 2 weeks, all while ensuring competitive rates.

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Access to capital
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Risk mitigation
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What are the different types of Litigation Funding for Accountancy Firms?

Single Case Funding

Single case funding supports firms with strong legal cases, offering amounts from £100,000 to £5 million for up to 36 months. Eligibility requires a high likelihood of success.

Single Case Funding

With interest rates ranging from 10% to 30%, single case funding is geared towards resolving disputes efficiently and can be crucial for cases involving significant claims or strategic importance. Decision times range between 2-4 weeks. For example, technology firms may use this to fund patent disputes, demonstrating its sector-specific utility.

Portfolio Funding

Portfolio funding accommodates multiple claims, with funds from £500,000 to £20 million over a period of 18-48 months, aiming to diversify risk.

Portfolio Funding

This solution features interest rates of 8% to 25% and a detailed review process that spans 4-6 weeks due to its intricate nature. Portfolio funding enables firms to tackle several legal fronts concurrently without financial strain, like a retail chain funding diverse consumer litigation cases.

After-The-Event (ATE) Insurance

ATE insurance is available for ongoing legal cases, covering potential losses from £50,000 to £10 million. It's crucial where adverse events may incur significant costs.

After-The-Event (ATE) Insurance

As a non-loan product, ATE insurance mitigates risks by covering opponents' costs if the case outcome is unfavorable. Policies are typically established within 1-2 weeks, proving indispensable to hospitality firms guarding against supplier disputes. This insurance supports a risk-managed legal engagement.

What is Litigation Funding for Accountancy Firms?

Application and Approval Process

The application process for litigation funding begins with submitting comprehensive documentation of the case or cases. Once submitted, the approval involves a legal and financial assessment, designed to verify case merit and potential recovery, typically culminating in a decision within 2 to 6 weeks.

Regulatory and Compliance Requirements

In the UK, litigation funding is overseen by the Association of Litigation Funders. The ALF ensures adherence to transparency, proper capital adequacy, and fair practice standards, offering an additional assurance level to all parties engaged in such financial arrangements.

Borrowing Capacity and Rate Information

Borrowing through litigation funding can range from £50,000 to £20 million, contingent upon the case's complexity and potential returns. Interest rates fall between 8% to 30%, varying with each case's risk profile. Factors influencing these rates include perceived case risk, recovery potential, and market dynamics.

FAQ’S

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