FAQs
Frequently asked questions
Litigation funding (also known in the UK as Third Party Funding) is a form of litigation financing which involves the funder paying some or all of a party’s legal costs of pursuing a claim in return for a share of the proceeds on success.
No. The litigation funder only gets paid if your case is successful and damages have been obtained. Litigation funding is non-recourse if the case fails.
No. There is no cost to clients.
As long as these costs are included in the agreed financing budget, historical costs can be financed.
Insurance (ATE insurance) can be taken out to cover the risk of any adverse costs award and to ensure that the claimant has this risk covered.
We invite clients to contact RAMCO by email or telephone and make an enquiry under a confidentiality agreement. We usually request a summary of the case from the lawyers, including details of the claim, the amount of the claim and the budget for pursuing the claim, together with details of the defendants.
Privilege protects communications between the parties and the lawyers. We therefore ask all claimants to sign our NDA as soon as they start sharing information with us.