A Simple Guide To Commercial Litigation Funding

Commercial litigation funding as another one of those services where the name of it sounds quite daunting, but the service itself is fairly straightforward and useful to a lot of people. In this article, I’m going to be exploring what commercial litigation funding is and who the best provider of this service is.

What is CLF?

Commercial litigation funding is a fairly simple concept when you get your head around. It’s a service that specialist companies provide for people who are looking to take somebody to court and cannot provide the legal fees themselves. The claimant will get in touch with the company and they determine whether the case is worth funding and what they will get out of it in the end.

When did it start?

Commercial litigation funding is still a fairly new concept in the UK, being permitted since 1967. Until quite recently the funding was only available to insolvency situations. CIL has been recorded in history with evidence dating all the way back to ancient Greece.

Who should I go to?

Woodford Litigation Funding are a team of specialists who have expertise in large commercial claims which people may not want to or simply cannot fund alone. Woodford truly know what they’re talking about when it comes to litigation funding. It is important that you do not go to company who offer the same service with little experience.

Woodsford will always make sure that they;

• Assess the case fully. By doing this they can determine what the chances are of winning the case and get a pretty good idea of how much of a reward is due.
• Woodford will share some of the risk. They will also share the reward with the lawyers.

Woodsford do have preferences though. Some of the things that they look for in an enquiry are;

• Claims that are £3 Million or above in size
• Claims that are shorter rather than longer.
• Parties that have ATE Insurance.

If you’re interested in commercial litigation funding and you think that Woodford are going to be able to help, check out their website for more information. http://woodsfordlitigationfunding.com