Corporations are increasingly making use of our dispute funding services.
In a world where the pressure to reduce legal spend continues to increase, the in-house legal team is being asked to do more with less.
Chief Financial Officers have long been hedging against exchange rate fluctuations and insuring for corporate risks. Applying these same lessons to the legal department can have significant benefits.
Using third party funding to support a claim allows a corporation to pursue disputes, whilst incurring no legal costs. Many of these claims have potential to yield significant returns, so the overall package is attractive.
If the corporation is defending a claim, there can be concerns over the potential costs of losing in court. We have products that can fund or insure against such exposure.
Here are a few examples of how we can help
- Harbour can provide capital in exchange for a share of the proceeds if the claim is successful. This can apply a single case or a portfolio of cases.
- Harbour can acquire a claim or an award from a claimant in exchange for an upfront payment. Typically Harbour takes all the proceeds if the claim is successful.
- Harbour Underwriting can protect a claimant against the risk of adverse costs.
- Harbour reducing a corporate defendants exposure to damages and own-side costs through funding or insurance products offered by Harbour Underwriting