Funding and After The Event Insurance Solutions for Commercial Litigation
Effective risk sharing tools for use in commercial litigation are more desirable in the present economic climate and exposure in the legal press has raised the profile of these tools for litigants.
Litigation funding is a service providing individuals or businesses with finance to conduct and manage litigation risk, and can include all legal fees and disbursements. Litigation funding can provide broader protection than many conventional legal expenses policies.
After the event (ATE) insurance is a legal expenses insurance policy which can protect the claimant against the risk of paying the defendant’s legal costs, and may also be extended to cover the claimant’s own legal costs and disbursements, such as expert fees.