Litigation funding for big and small business
SMEs often mistakenly believe that there is no point in approaching a litigation funder in the case of a commercial dispute as funders only deal with ‘multi-million-pound disputes’. This prevents many organisations who have a legitimate case from pursuing litigation for fear of mammoth legal fees and/or the risk of being financially crippled by an adverse costs order.
BMS Funding are committed to ensuring commercial entities of all sizes can access quality legal services and cover their legal costs via commercial litigation funding. As well as several funding options, we have devised a Commercial Litigation product that can be applied as easily to £100k quantum cases as it can to £5 million. This has allowed us to support many SMEs who haven’t had the confidence to fight a case due to the risk exposure of running cases to the end.
How litigation funding works
Your litigation claim is an asset; hence it is imperative you can pursue it. Commercial litigation funding works by providing non-recourse money to pay the fees associated with bringing a matter to court, thereby reducing your financial risk. Funds are provided by a third party who will take a share of the damages should your claim be successful. If your claim fails, your costs will be capped at £20,000.
Because of the risk involved, potential claims which may be eligible for litigation finance will be rigorously assessed by insurers, legal counsel, and our own expert staff. This provides clients with confidence, because if a funder is prepared to finance your claim, it is likely you have a good chance of succeeding.