What problems does litigation cause for individuals with a dispute?

For businesses with a dispute – even larger ones – pursuing legal action can be daunting, but this ‘fear factor’ is multiplied for individuals exploring the possibility of litigation. Where a small business might need some help with legal fees, an individual will invariably struggle even more; where a startup or SME might be intimidated into dropping a case by a larger organisation, an individual will frequently be cowed with even greater ease. This is magnified in financial misselling situations such as interest rate hedging products (IRHP) where an individual litigant is often faced with the prospect of taking on a major bank.

For those not used to pursuing a commercial dispute, even knowing which solicitor to speak to for advice on your options can be a major hurdle to progress: not all solicitors are the same as they have different specialisms, experience, attitude to funding and ability to effectively strategize as well as just know the law. And the perceived costs of instructing a lawyer prevent many from taking a claim forward anyway.

An inherent belief that you have a good case, determination, pursuit of justice; these things matter but when every hour paid to a lawyer diminishes your final award, and every day spent fighting your corner is a day that could have been spent concentrating on your business and making money, there are other considerations too. A ruined business is one thing – for a solitary individual bringing a case to court, litigation can potentially ruin their lives.

What help with legal fees is available for individuals with a dispute?

It’s undeniable that individuals pursuing litigation are poorly served by typical traditional charging models. The hourly rate structure favoured by most lawyers is prohibitively expensive, to the point that failing to win your case could destroy your personal finances – if your case even gets to that stage in the first place. Equally, the so-called ‘no win, no fee’ model fails to account for all the costs of litigation; whilst they defer your solicitor’s costs to a successful conclusion, disbursements such as expert and court fees aren’t cheap and need to be paid for as your case progresses – win or lose.

Often the best way for individuals with a dispute to pursue their claim – and ensure they maximise their potential award – is to transfer the risk and cash-flow implications to professional litigation funders and insurers. In return for an agreed share of the final damages (which can be a little as 5%, depending on when the case settled, or up to 35% if it goes all the way to trial), all monetary risk is effectively nullified: the funding will handle all cost associated with the litigation – legal bills and disbursements.

Why Annecto Legal?

Annecto Legal is better placed than any other funder to offer help with legal fees. It can offer access to in-house expertise and a network of solicitors alongside funding and insurance. Annecto has every interest in making sure your case succeeds, so will find the best solution for you to ensure it does.

Furthermore, our funding arrangements allow you to decide for yourself the level of risk you are willing to take – and the amount of your damages award you are willing give up for risk certainty.

Third-party litigation funding offers a flexible way for individual litigants to manage their costs – and the backing necessary to get the result a solid case deserves.

Individuals seeking help with legal fees are encouraged to talk to Annecto Legal’s alternative funding experts today.

Contact Us

Find out the alternate ways Annecto Legal can help in funding litigation, what they mean in practice and which route is best for you and your claim or dispute.

Get In Touch

What our clients say

One of our clients needed help to fund their commercial dispute and we recommended Annecto Legal. The client received a first rate service and was able to pursue their action without taking any financial risk. We are happy to recommend Annecto Legal to our clients
Jeff LaidlerDirectorWeald InsuranceKent
Without being introduced to Annecto I would have never found my way through the maze of requirements to progress my irhp missale claim. A packaged solution with Lawyers, Counsel, Funders and Insurance allowed my claim to be assessed with the correct support to allow peace of mind that the legal team could take on the work required. Annecto kept things simple and clear, allowing me to understand exactly what was needed to move things forward
Jon WelsbyShareholderBluesight LimitedFiley
Annecto Legal was recommended as a source of funding for my business dispute. The litigation funding market is a minefield and I had previously had questionable experiences with funders/brokers, who despite making substantial promises, were sadly either indecisive or not forthcoming with funds.

Against this background, Annecto were a breath of fresh air, secured funding in a fraction of the time and kept me informed throughout the process. I thoroughly recommend Annecto.
Keith ElliottFormer OwnerPremier MotorauctionsLeeds