Elimination of litigation costs
Working with a commercial funding company for litigation is a great way to remove litigation costs from a business’s balance sheet. This means that the business will not be exposed to any financial risk when pursuing litigation, regardless of how complicated or long the case may become.
Working capital allocation
Litigation is often capital intensive. A business can reduce financial risk and costs by working with a third party funder. This allows corporations to retain their core working capital and direct funds into business development activities and value creation. Companies can now allocate their capital to activities that generate revenue and deliver a return by removing the financial constraints.
Remove financial barriers or limitations
Even if they are confident in their case or claim, not all companies can afford to go through with litigation. Litigation financing helps solve this issue by providing financial resources. This allows companies who may not have filed a lawsuit due to business or financial constraints to do so. For Litigation Funding, visit https://www.novo-modo.co.uk/litigation-funding
Remove legal department constraints
Companies can eliminate financial limitations that would otherwise limit the capabilities of their legal departments by leveraging third-party financing. The department can pursue claims which would otherwise have been dormant. It transforms from a cost centre into an ancillary revenue centre. The legal team will be able to optimise their resources and make a strategic contribution to the financial success of the company with external funding.
Strength through association
A professional litigation funder can send a strong message to the other party, letting them know that the funds are not an issue.
Achieving optimal recovery
It is possible to get more than financial resources by working with an experienced commercial litigation funder. It gives clients access to an international network of legal professionals, economists and enforcement specialists to maximise the chances of recovery.
