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  • Global
  • United Kingdom

    30-09-2019

    Eversheds Sutherland collaborates with Harbour Litigation Funding

    Eversheds Sutherland and Harbour Litigation Funding have entered into a collaboration which offers clients direct access to litigation funding solutions

    The collaboration offers clients direct access to non-recourse litigation funding and risk management solutions. These are available for standalone claims and portfolios of cases, where the diversification of risk can lead to more favourable financial terms and/or reduced legal fees, thereby reducing the costs of fighting low-value/high-volume claims. Clients will benefit from access to seed capital to assess the merits of potential claims, an independent due diligence process and a third-party review on the merits of a claim.

    Further, by also taking a stake in the outcome, not only is Eversheds Sutherland able to align its risks with those of its clients, but the overall cost of funding is reduced.

    The relationship is managed by Michael Clavell-Bate, Partner, and Glenn Newberry, Head of Costs and Litigation Funding from Eversheds Sutherland, and Darrell Porter, Senior Director of Business Development at Harbour Litigation Funding.

    Glenn Newberry, said:

    “The litigation funding market has exploded in the last two years, and we are proud of having been a practice at the forefront of this emerging sector during this time. We strive to find ways of removing dispute and litigation costs from our clients’ balance sheets, as we know prospective costs can deter them from pursuing or fighting a claim.”

    “Our relationship with Harbour builds on our existing experience and enables us to offer clients novel solutions with an experienced and trusted funder. Our Litigation practice is building a best-in-class reputation for finding managed-risk and risk-free funding options, and we’re pleased to have Harbour at our side as we offer this innovative new model which should see a greater number of clients pursuing claims which historically would be deemed too risky or expensive to pursue. Seed funding to assess the viability of claims is, we believe, a real differentiator in the marketplace for our litigation practice.”

    Darrell Porter, said:

    “Clients are increasingly seeing the benefits of litigation funding, both in terms of improved cash flow and as a financial risk management strategy to remove their exposure to adverse costs. Funding is often mistakenly perceived as a difficult and time consuming process - this collaboration represents Eversheds Sutherland’s and Harbour’s desire to streamline the process of funding clients’ claims and marks another positive step forward in our relationship”

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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