Litigation funding can be used by individuals and companies alike. Whether you’re seeking litigation, a class action suit, or arbitration, a third party might benefit from funding you.

Commercial Bodies

Both small and large businesses use litigation funding to avoid risks that could shut their entire company down. If you’re in a high-stakes fight but need to preserve core cash flow in the case of a loss, funding is an option. Any industry can benefit, but litigation funding London is particularly common in the technology, real estate, and financial industries.

Individual Litigants

If you can’t afford to pursue a lawsuit but your odds of winning are high, litigation funding gives you the freedom to pursue it. The funder will only take a percentage of your winnings if you’re successful. If you lose, they will shoulder the loss.

Class Action Litigation

Funding companies such as https://www.novo-modo.co.uk/litigation-funding-london often help individual litigants to pursue class action lawsuits. If thousands of people are affected by the same damages, group litigation is a powerful way to take on big businesses and powerful people.

Law Firms

Law firms and funders often work together to adopt complicated cases without putting a strain on their resources. This way, the law firm in question can help plaintiffs on a contingency basis without putting strain on their own coffers.

Litigation funding levels the playing field and shifts risk to a party who is protected enough to shoulder a potential loss. It’s a valuable partnership that benefits the plaintiff and funding company.