Litigation Funding In Australia
Litigation funding is now a well established business in the Australian legal marketplace. You will consistently see newspaper reports about many significant legal actions that have been underwritten by litigation funders. These funders pay the costs to take an action to hearing and usually pay adverse costs if your case is unsuccessful. In return these funders seek a commercial percentage of the recovery sum from a settlement or court judgment in your favour. If the claimant loses the case the funder commonly bears the total costs. The funder looks for a return that reflects the risks taken.
To move forward you will usually require a well prepared legal brief of the action identifying the nature of action, damages assessment and usually a barrister’s opinion of the merits of the case.
Compiling a legal brief is an expensive process and we know that many claimants don't have the funds to even instruct a lawyer to present their case for funding determination.
Given our experience and connections, we can offer a frank and fast assessment whether your commercial case is likely to receive funding support BEFORE you spend any money. Another reason to contact us