Commercial Litigation Funding

“A Commercial Litigation Funding scheme that has been developed by industry professionals with the pursuit of justice very much at the forefront”

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The Opportunity

Introduce Your Clients

Responsum Group Ltd are pleased to introduce our Commercial Litigation Funding Scheme launched in February 2018.

Allowing Solicitors to introduce clients to funding solutions to pursue commercial litigation claims without taking any financial risks.

Many clients cannot afford to pay monies on account and you cannot or may not want to carry the WIP or disbursements.

Off balance sheet funding means clients can pursue claims without the fear of losing their own money and freeing up your cashflow.

Fully Insured Commercial ATE. with all fees drawn down at start of claim and kept in client account. % of profit costs drawn down monthly. No recourse if case fails.

Existing cases can be transfered onto the scheme and Commercial Litigation Cases may be referred into the firm as we progress.

We are looking for a small number of Solicitors to join our panel to offer their clients a unique funding solution.

Rick Gregory - Director

our support
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We Provide

Funding Solutions

The Commercial Litigation scheme has been developed by industry professionals with the pursuit of justice very much at the forefront.

“Responsum Group is one of only a select few introducers who have been given access to this bespoke funding line“

The funders provide all of the funding required in return for an agreed share of the proceeds of the claim.

If the case is unsuccessful, the funder loses its money and nothing is owed by the litigant.

The scheme includes the provision of Hybrid ATE Insurance Policies, Security Bonds and Litigation Funding Facilities.

Responsum Group Ltd are a stakeholder in and acts exclusively as an introducer of business to Commercial Litigation Group Ltd.

success

Case Referrals

Typical Claim Types

Arbitration.

Business Interruption.

Breach of Contract.

Construction Disputes.

Contract Disputes.

Debt Disputes.

Defamation.

International Law Issues.

IP Disputes.

Professional Negligence.

Shareholder Disputes.

Introduction Criteria

65% chance of success

Within 4 years of limitation

An identifiable opponent

Minimum claim value £300k

England, Scotland and Wales and International Jurisdictions

Benefits Direct

The Scheme

1. Full service , One Stop Shop.

2. No up front fees paid by the client.

3. No financial risk to the client.

4. S&P rating of ‘AA-’ After the Event Insurer.

5. Own capital used to fund cases. All fees drawn down at start of claim to client account.

6. Off balance sheet facilty. 25% of profit costs drawn down monthly. No recourse if case fails.

7. Typically claims of between £100,000 and £15 million potential claim value are supported.

8. Solicitor will engage on a discounted CFA.

9. Cost to client is typically 25% of deduction from damages if successful.

10. Typically client retains upwards of 60% of award.

The Process

1. Claim enquiry and accompanying documents presented to Responsum Group.

2. Client enters into a case due-diligence agreement with Funder. Case Chronology and Investigation completed.

3. Any additional questions will be raised by Responsum to obtain information to validate the claim.

4. Once claim review is completed, QC advice on merits will be secured.

5. Once merits obtained a Costs Budget is produced (5 days).

6. Claim passed to the ATE underwriter for assessment (5 days).

7. Funders sends offer to claimant with full terms and conditions.

8. Client accepts and Solicitor engages client on a CFA.

9. Anticipated lifecycle of case 18 months to 24 months.

10. Claim settled, deductions made from damages with appropriate paperwork in place, client receives net compensation payment.

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