Third Party Litigation Funding
Therium provides third party litigation funding for individuals, trustees and companies wishing to pursue substantial claims through litigation in the UK or in international arbitration.
For many claimants, pursuing a claim through litigation or arbitration is prohibitively expensive. Even for those with the ability to pay, the uncertainty over the total cost, the potential for the legal costs to escalate during the litigation and the uncertainty over when the case will conclude, make the prospect of committing to fund a claim unattractive.
For many claimants, pursuing a claim through litigation or arbitration is prohibitively expensive. Even for those with the ability to pay, the uncertainty over the total cost, the potential for the legal costs to escalate during the litigation and the uncertainty over when the case will conclude, make the prospect of committing to fund a claim unattractive.
Furthermore, there is also the risk of the claimant being ordered to pay the defendant’s costs in the event that the claim fails. For some, these factors are sufficient to dissuade them from pursuing what would otherwise be a meritorious claim. It is this problem which third party funding addresses. Third party funding involves the funder agreeing to pay all of the legal and other costs associated with the case in return for a share of the proceeds.