WHAT WE DO FOR INTRODUCERS
We occasionally work with certain select brokers and introducers. We offer market standard terms unless otherwise agreed.
our process
We work out a tailor made timetable for each dispute so that everyone knows what needs to be done. We provide detailed reasoning based on our various assessments and engage in a dialogue so that you are never unsure of where we are or how we got there. Typically we aim to complete most funding applications in three clear steps:
We provide you with an NDA and we reach a high level assessment of the claim based on assumptions that we will test in step 2. If we like the claim we will provide you with a term sheet that if accepted will provide us with a period of exclusivity
During our exclusivity period we begin to heavily invest into the due diligence of the claim. This may include procuring assessments or reports. At this stage we are effectively testing the assumptions we made in step 1.
We submit the funding application before our investment committee. Working in two teams through a process we call clarity through adversity we have one side oppose the case to identify weaknesses and another team that addresses and/or mitigates those weaknesses. Ultimately our independent investment committee composed of senior legal, financial and commercial professionals will determine whether the funding application is approved. If it has, we transpose the funding terms from the term sheet signed into our standard form funding agreement.
What we fund
Legal fees and expenses
Expert fees and expenses
Arbitration fees and expenses
Historic costs
Adverse Cost Insurance (ATE)
Award Default Insurance
Law firm portfolio financing
Award purchasing
Not all cases are suitable for funding. This may be due to their size, the legal uncertainty, the insolvency outlook of the opposing party (which may be real or organized) or ethical reasons. Our case selection process is designed to seamlessly identify claims that are suitable for financing at an early stage.
What we fund
At PI, we like to work closely with our case partners and the PI team are available for any questions or queries you may have. The above-mentioned guide for case selection should help you select cases that should have a higher chance of achieving funding.
FAQ's
-No. We provide non recourse financing solutions for disputes. This means that we do not and can not operate like a bank. We invest in disputes as a private equity fund investing in this specific asset class. As a result if a dispute is successful, we both do well. We bear the legal cost risk in the event the dispute does not succeed.
-No. All our funding agreements make it clear that the legal duty is owed by the lawyer to their client and that all instructions flow from the client to their lawyer. We retain monitoring rights to ensure we are never investing in meritless disputes
-No. The decision on the legal team belongs to the client. We are frequently asked about our experience with different lawyers and we are of course happy to share that but the final decision on the legal team belongs to the client.
We work out a tailor made timetable for each dispute so that everyone knows what needs to be done. We provide detailed reasoning based on our various assessments and engage in a dialogue so that you are never unsure of where we are or how we got there. Typically we aim to complete most funding applications in three clear steps.
Step 1: Preliminary due diligence. We provide you with an NDA and we reach a high level assessment of the claim based on assumptions that we will test in step 2. If we like the claim we will provide you with a term sheet that if accepted will provide us with a period of exclusivity.
Step 2: During our exclusivity period we begin to heavily invest into the due diligence of the claim. This may include procuring assessments or reports. At this stage we are effectively testing the assumptions we made in step 1.
Step 3: We submit the funding application before our investment committee. Working in two teams through a process we call clarity through adversity we have one side oppose the case to identify weaknesses and another team that addresses and/or mitigates those weaknesses. Ultimately our independent investment committee composed of senior legal, financial and commercial professionals will determine whether the funding application is approved. If it has, we transpose the funding terms from the term sheet signed into our standard form funding agreement.
In the event the dispute is not successful it will cost the client nothing. In the event the claim is successful, never more than what we have agreed. We always want the client to know that the dedication of their time and energy in pursuing their claim will be worth it. It’s just good business sense not to be greedy.
Get in touch
Should you have any enquiries, please get in touch. We are ready to hear from you.