Products

There are a growing number of ways that we work with claimants, law firms, corporations, and advisors to support them in seeking legal redress.

Alongside single case funding, our offering to claimants and law firms is primarily four core products.

These include; claim and award acquisition, portfolio funding, working capital facilities and insuring litigation costs.

Claim and award acquisition

Where a claimant wishes to monetise a claim, at any stage in the claim, we can purchase claims and judgments. This can include an up-front payment or partially deferred payments, pending success in the proceedings.

Portfolio funding

Where multiple claims require funding, we have two offerings:

  • Law firm portfolio – where a law firm is running multiple cases on conditional or contingency fee agreements and wishes to hedge the attendant risk of such agreements, we can pay up to 100% of the value of the legal fees deferred by the law firm under its contingency fee agreement. In exchange, we take a pre-agreed share of the law firm’s success fee.
  • Claimant portfolio – where a claimant intends to bring multiple claims arising from different causes of actions, we can provide both funding and adverse costs indemnities for all claims in the portfolio.

Working capital facilities

We offer loan facilities to law firms to fund working capital, enabling firms to invest in their businesses. Repayments can be made on the basis of pre-agreed rates or tied to successful outcomes of cases being run on a contingency fee basis.

Single case funding

We provide funding for claimants’ legal fees and disbursements incurred in pursuing single claims, whether brought against one defendant or several. We also provide claimants with indemnities to protect against adverse costs. Should the claim succeed, and only if monies are awarded, we take our pre-agreed share.

Insuring litigation costs

All litigation entails risk. Whether in conjunction with funding or not, Harbour Underwriting offers adverse costs insurance, own-side disbursement insurance, own-side solicitor’s fees insurance and damages capping products. Together, these products offer a comprehensive litigation risk solution.

What we offer

The litigation funding market is increasingly crowded but Harbour stands out as one of a handful of providers who are reliable, commercial and pragmatic in their approach.

— Paul Worth, Joint Head of Litigation Eversheds Sutherland

You are dealing with professionals who both understand the ups and downs of litigation, but also have the commercial awareness of which cases are likely to work for them.

— Richard Leedham, Mishcon de Reya

They operate at the Rolls-Royce end of the market, funding serious cases with staff who can actually add value in the context of litigation. It's very useful to have a litigation funder who does not back seat drive. They bring very useful and objective solutions.

— Chambers & Partners 2020

They have real depth of experience in funding group claims, better than other funders for the UK. Real experts in that area.

— Chambers & Partners 2020

Harbour are like royalty. Very, very good, very polished and very sophisticated. They give you a very quick turnaround, and get cases in and out the door. The thing I like about them is that when they are not interested, they give you a quick no.

— Chambers & Partners 2020

They are experienced and know their market, which really helps when they are in front of clients. They also have a track record with which many of the newer funders struggle to compete.

— Paul Worth, Joint Head of Litigation Eversheds Sutherland

Harbour is not afraid to talk about out-of-the-box commercial agreements and to bring in other high-end firms who can add value to the process in Australia. Sophisticated and high-end funding, very complex cases. Love their thinking and their ingenuity.

— Chambers & Partners 2020

We don’t see Harbour as just funders – we see them as business partners – and that we are in the case together to get the best result for the clients (or the class).

— Johnson Winter & Slattery

Impeccable reputation in the marketplace.

— Chambers & Partners 2019

Never met a funder so involved – they work hand in glove with their clients.

— Chambers & Partners 2019

Early on, thought-through decisions are reached about cases which means minimum frustration for clients. As cases progress the team are always willing to discuss any aspect while maintaining the correct distance.

— Richard Leedham, Mishcon de Reya

They listen to what you say, then form their own view and put in a realistic contingency to use if needed.

— Chambers & Partners 2019

The perfect funder needs to be somewhere between a traditional lawyer and a hedge fund manager. It’s essential to have a legal understanding yet to be very commercial.

— Ben Williams, King & Spalding

Case studies

Rockhopper

An arbitration against the Italian state for the forfeiture of valuable oil exploration licenses previously granted to Rockhopper Exploration plc.

Pioneer Iron & Steel

A claim in Hong Kong by the liquidator of Pioneer against its sole former director and shareholder in relation to the ownership of valuable company assets. 

Carter Holt Harvey

A class action against Carter Holt Harvey Limited for the supply of an allegedly defective cladding material known as Shadowclad.

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