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Taking the risk out of litigation
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Can You Afford Not To?
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Helping You to be Heard
Litigation funding is the provision by a third party of finance to a party to litigation or arbitration, which is used to pay for the legal costs of the dispute, in exchange for the funder taking a share of the proceeds in the event of a successful outcome.
The litigation funding industry was established and defined best practice, in England and Wales and it is their knowledge which LEXXER brokers to pioneer this concept in Northern Ireland.
We aim to help our clients who are litigants and require the effective management of financial risk in litigation and arbitration. As austerity bites and Legal Aid funding is cut LEXXER LAW has turned its knowledge brokerage skills to address the problem of accessing litigation funding for clients.
What is litigation funding?
Litigation funding is when a third party finances litigation or arbitration in return for a percentage of any proceeds. The Litigant obtains funding allowing them to proceed safe in the knowledge they can cover legal costs. The finance is guaranteed by the private commercial litigation funder, in a process managed by LEXXER LAW.
When the case is won, the funder receives an agreed share of the proceeds of the claim. If for any reason the case is unsuccessful, the funder loses its money and nothing is owed by the litigant. This means that those who cannot afford to have their day in court will be granted access and the risk of loss lifted. Just as ‘angel investors’ make the dreams of young entrepreneurs come true so our ‘angel litigators’ whose money supports cases makes the dream of justice come true.
How to access litigation funding
If you believe in your case and feel it is truly a meritorious commercial litigation or arbitration dispute, which if you had the money you would pursue them come and speak to us.
If you simply don’t have the money or can’t afford to invest in the case, litigation funding can provide a cost-effective financing tool and a valuable means of access to justice.
We will make your case to potential funders and negotiate the best deal for you. We know the type of cases they will take and will advise you on the possibility of success. Typically funders want to see commercial cases of a high value, with good prospects of success. Many have been used backing business start-ups and look for very specific criteria viewing your case as an investment.
LEXXER LAW will negotiate a Litigation Funding Agreement with the funder, and aspects such as the percentage of the damages they will require, or the provision of After the Event (ATE) insurance, will all be agreed.
LEXXER abides by the ALF Code of Conduct. This sets the standards for the capital adequacy of funders, sets out the specific, limited circumstances in which funders may be permitted to withdraw from a case, and outlines the way in which the roles of funders, litigants and their lawyers should be kept separate.
MAKING YOUR CASE OUR CAUSE
Our legal services are based on our unique knowledge brokerage model and offer support and representation at every level from small claims courts through to the UK Supreme Court and beyond to the European Court of Human Rights, with litigation partners in the United States and Canada.
LEXXER LAW provides legal services, litigation strategy, communications, crisis intervention and a world of other imaginative effective interventions to ensure that you, your organisation or cause is seen and heard.
We specialise in:
LEXXER LAW – Making Your Case Our Cause
Our first step is to ensure that you do not have existing legal cover that will save on the cost of traditional legal fees, or cover them entirely.
The first case we fight is the case to get you insured to ensure that access to justice is made affordable, and after the event insurance protects you.
Take the risk out of litigation and the cost out of legal services, by planning ahead or if we find you after that point we will fight hard to assure you of victory.
LEXXER LAW – the future of legal services
LIFTING THE BAR
For Vision, a Voice and Visual Impact
LEXXER’s Advocacy Work focuses on not only speaking but acting for you. At LEXXER LAW we aim to lift the bar, in both the sense of improving the quality of legal services and raising the standard of consumer choice and satisfaction; but also removing any impediments or bars on access to justice. These may be cost, confidence or capacity related and we aim to provide a framework which will support you to fight your case.
Alternatively we would like yo make your case our cause as you engage us to help you. Whether you want your day in court or want to avoid it, we will provide strategic support and advice to ensure that you win no matter what the verdict is. Our services will ensure that your reputation is protected, your assets safeguarded and your case defended as we fight for you each step of the way.