If a business is to capitalise on the potential asset they hold in the shape of a good legal claim, at a time when boards are increasingly focused on managing legal spend, it is vital that a general counsel can identify the most cost-effective way to engage their external lawyers and protect the business against heavy costs in the event of a loss.
While some businesses are content to pay their fees on a standard basis, others seek more innovative solutions to maximise their legal budget, remove risk from their balance sheet and even change their department from a cost unit into a profit centre. With such a buzz around the litigation funding market, most in-house lawyers are aware of how a litigation funder can help to achieve these outcomes, but few understand the full range of funding and insurance options available to them. Litigation funding is an ideal solution for a business seeking cash flow assistance, however, alternative products – such as litigation insurance – can offer the same levels of risk management for a significantly reduced price if cash flow is not the primary concern.
In this fast-changing environment, real-time knowledge of current market dynamics is essential if a business is to manage its cost risk and maximise its legal spend. Given the range of tools available, it is important to review the market, and to keep an open mind on which products and providers are the most appropriate for each claim.
Established in 2000 with offices in the UK, USA and Canada, TheJudge specialises in arranging litigation insurance and funding for commercial disputes. We are one of the most connected and experienced teams in this highly specialised market. Neither the litigation insurance market nor the litigation funding market can hope to meet the needs of all businesses in isolation. Our value to you lies in our overarching view of both markets and unrivalled experience in tailoring arrangements that consider and, where appropriate, combine both options. Our hands-on and bespoke approach ensures we understand your fee objectives in respect of each case, and source competitive and commercial solutions to match.
Verity Jackson-Grant, director of business development
0845 257 6058
6 Bevis Marks
0845 257 6058