Law Society News

Necessary Funding

The term “Litigation Funding” is also known as “legal financing” and “third-party funding”. Litigation funded solutions offer individual bespoke products to consumers to litigate or arbitrate without having to pay for it.

Claimants or Defendants can apply to obtain “all or part” of the necessary funding which is required to cover the actual “legal costs” and “disbursements”.

Consumers should consider the products on offer and choose the most suitable one for their own individual needs.