We know that the cost and uncertainty of pursuing a claim often acts as a deterrent to bringing a claim. Equally, we know the financial burden of writing-off monies legitimately owed to you. Pinsent Masons can offer a number of innovative funding solutions to address these concerns which include:
- Conditional Fee Agreements (CFAs) – an agreement between PM and the client which provides that our fees, or a portion of them, is contingent on the successful outcome of the case.
- Damages Based Agreements (DBAs) – an agreement between PM and the client which provides that our fee, or a portion of them, is contingent on the successful outcome of the case and is determined as a percentage of the compensation received by the client.
- Third Party Litigation Funding – an agreement between the client and a third-party funder under which the funder finances the costs of the dispute on a non-recourse basis and is only paid in the event of a successful outcome of the dispute.
These funding solutions help businesses avoid the difficult choice between pursuing strong claims and other business priorities. This makes disputes funding an attractive alternative financing proposition.
Pinsent Masons has excellent relationships with all the main players in the third-party funding market, enabling us to identify the most appropriate funders for each individual case, streamline the application process and secure access to market leading rates.