Third Party Funding (TPF), a form of financing for legal cases, can alleviate the concerns by companies seeking redressal for wrongs caused by others.
We believe that the rapidly evolving TPF should be considered in deciding on a dispute resolution strategy.
High cost concern for dispute resolution
- Disparity between importance of cost and satisfaction is the largest for arbitration, followed by litigation and mediation.
- Arbitration users deem cost as important, yet it has the lowest cost satisfaction.
- Mediation is the most cost-satisfying proposition among the dispute resolution mechanisms.
Third party funding - a solution to cost concerns
Unlocking the benefits of engaging third party funders
Reducing financial risks
- Minimise financial risks of disputes by reducing, or eliminating, cash investment in ongoing legal cases
- Protect business from adverse cost risks if the case is unsuccessful
Increasing value propositions
- Increase profitability by using TPF for legal costs and reallocating the company’s cash for revenue generation
- Utilise a TPF’s experienced resources to perform case monitoring functions
Key considerations when choosing the right funding partner
- Resources and experience
- Proven track record of working
- Global presence and expertise
- Progressive approach to designing solutions
Best practices in engaging TPF
Gain in-depth understanding of framework
Adhere to guidelines
Consult with professional experts
Follow us
