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Billing and fees - litigation financing 2009 (2)

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Award levelCommended
InnovationCalculated risk using after the event insurance
Originality5
Rationale6
Impact4
Total15
DescriptionA combination of ATE insurance and conditional fee arrangements enabled the firm and their insurers to take a serious risk for a client who had been abandoned by a major firm following the collapse of their third party funding

Billing and fees - litigation financing 2009

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Rankings at a glance
Award levelHighly commended
InnovationChanging the face of litigation for charities
Originality6
Rationale7
Impact6
Total19
DescriptionPreviously, charity trustees may not have gone ahead with expensive litigation as it would have been seen as squandering funds. Taking the initiative, the firm developed a system to dramatically reduce risk for charities using after the event insurance