Third party funding - commercial litigation

Third party (none party) funding involves an organisation not involved in the dispute agreeing to finance all or part of the legal and other costs of the litigation in return for a fee. It differs from conditional fee agreements and damages based agreements in that it does not require you to pay expenses such as barrister’s fees throughout the duration of your case. Third party funders will fund both your legal fees and additional expenses on an ongoing basis. Third party funding is not a loan if the case is unsuccessful any money paid out by the third party does not have to be repaid.

loading staff

What funding is available?

Stephensons has significant experience in legal expense and dispute funding. We have access to the leading insurers and funders; we even act for those companies in a claims handling capacity.  

Stephensons has formed an alliance with Augusta Securities Ltd (“Augusta”) to offer a financing solution which gives financial support to the person bringing the claim (Claimant). This option delivers a number of benefits to you including:

  • Reduction of financial risk 
  • It leaves more of the case proceeds with the claimant when compared to traditional funding options
  • It can be applied to both small and large cases

This funding is available for a wide range of commercial litigation cases. Your case will need to be assessed by Stephensons’ commercial team and if it meets our criteria and the person/company who you are suing has a strong ability to pay it is likely this funding option will be approved. 

The third party finance company, Augusta will agree to pay part (or in some cases all) of a claimant's legal fees if your case is eligible, in return for an agreed proportion of the settlement or award of damages. Additionally, clients using this finance option will also qualify for After the Event insurance with the option to hedge the majority of your contribution to the matter.

Call us today to find out how we could assist you with your commercial dispute and to discuss whether this funding option would be appropriate to your circumstances. For further information please contact us on 0203 816 9303.

9.3out of 10
5-stars on Trustpilot Based on count 551

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

The sale of new-build houses as leasehold to be banned - what does this mean for developers?

The Communities Secretary, James Brokenshire MP announced in a speech to the Chartered Institute of Housing conference in Manchester on 27 June 2019 that all new-build houses will be sold as freehold and there will be zero ground rent for new leases of...

Read more

Twitter commercial

@CommercialLLP

Stephensons appointed to NEPO legal services panel

The national law firm, Stephensons, has been appointed to the North East Purchasing Organisation (NEPO) legal panel for a total of six legal service specialisms. Following the invitation to tender for NEPO’s £60million multiple lot...

Read more

Commercial reorder

  • Jonathan Chadwick
  • Louise Hebborn
  • David Baybut
  • Kate Bullen
  • Chris Graves
  • Alistair Gregory
  • Philip Richardson
  • Julie Ball
  • Martha McKinley
  • Paul Davies
  • Jonathon Waterhouse
  • Jessica Charnock​
  • Julie Hunter
  • Adam Pennington​​
  • Andrew Whitehead
  • Mark Williams​
  • Terri Meehan
  • Laurence Searle
  • Neil Marshall
  • Declan Gilroy​
  • ​Kerrie Ainscough
  • Lucy Priestman
  • Matthew Smith