Litigation Futures May 2017 – High Cost Case Funding Dedicated to the Personal Injury Sector
Earlier this month Litigation Futures featured an article on recent developments in litigation funding. Featured in the article is the VFS High Cost Case Funding (HCCF) product, which is offered in partnership with Citadel Law.
VFS HCCF funding is designed to meet the cash-flow needs of PI firms, enabling them to pursue high-value and high-cost cases where liability has been admitted but insufficient or no interim payments have been made on account of costs to fund the case.
The law firm may draw down part of the value of their incurred work in progress, disbursements and counsel’s fees, providing sufficient security to allow them to pursue the maximum value of bills likely to be incurred on the case. You can find out more about how VFS HCCF could help your firm here.
You can read the full Litigation Futures article here. It also includes interesting news regarding the recent acquisition of Novitas by Close Brothers, a move which proves the importance of alternative funders to the legal sector in the current market.