Litigation Funding

We have partnered with Scene Finance to bring Litigation Funding to individuals and businesses who wish to pursue legal action with the assistance of outside funding. A brief overview is below. For full details please go to the Scene Finance website here.

What is Litigation Funding?

Litigation funding, also known as legal financing or third-party funding, is now a well-established practice in Australia, enabling individuals and businesses to pursue legal action without the burden of upfront costs. It allows claimants to secure the necessary funds to cover their legal expenses, including solicitor’s fees, court costs, expert witness fees, and other litigation expenses.

In the litigation finance space, commitment is generally restricted to a budget that has been assessed and agreed in conjunction with the legal team, to ensure that where possible, funding is not exhausted before the claim process is complete.

A percentage of the recovery sum is agreed upon in return for the settlement or court judgment in your favour. lf the case is lost, the lender usually bears the overall costs, so they generally look for a return that reflects the risks taken.

Benefits of Litigation Funding

Access to Justice: It provides financial support to those who might otherwise be unable to afford the costs of litigation, leveling the playing field against well-funded opponents.

Focus on Case Merit: By securing funding, claimants and their legal team can concentrate on the case’s merits rather than financial constraints.

Resource Allocation: Businesses can pursue legitimate claims without diverting funds from operational needs, preserving cash flow and financial stability.

Want to Know More?

The first port of call is to book a free consultation with one of our solicitors to discuss your case. You can also find more information and an application form on the Scene Finance website here.

Category Litigation
Posted on 08/08/2024

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