Law firms benefit from partnering with litigation funders as they gain access to financial resources that enable firms to handle large, complex cases without bearing the full financial risk. This partnership allows attorneys to focus on achieving the best outcomes for their clients while maintaining their firm’s liquidity and stability.
Deminor’s team structure lends itself to being an ideal litigation funding partner for Law Firms, due to the case team being made up from solely legal professionals.
With 9 global offices, containing staff from 19 nationalities and speaking 22 languages, Deminor is well-placed to support a diverse array of single and multi-jurisdictional claims.
Deminor has funded cases in 22 jurisdictions including the Americas, the Middle East and offshore centres such as the Cayman Islands and Bermuda. With specialists in arbitration, enforcement, intellectual property, competition, investments & tax, corporate & post-M&A, Deminor has achieved positive recoveries for clients in 77.8% of the cases it has funded, against an industry average of 70%.
Why are more law firms choosing to partner with litigation funding companies?
Financial Resources: Litigation can be costly, especially for complex cases with lengthy proceedings. Law firms may seek funding from litigation finance companies to cover expenses such as legal fees, expert witness fees, court costs, and other litigation-related expenses.
Risk Management: Litigation funding allows law firms to mitigate the financial risks associated with pursuing legal cases. By securing funding from a third-party financier, law firms can reduce their exposure to adverse outcomes and potential losses.
Client Retention: Offering litigation funding options to clients can enhance the firm's competitiveness and attractiveness to potential clients. Providing access to funding options can make legal services more accessible and affordable for clients who may not have the financial resources to pursue litigation independently.
Increased Caseload: With access to funding, law firms can take on a broader range of cases, including high-value or complex matters that they might otherwise have been unable to pursue due to financial constraints. This expanded caseload can lead to increased revenue and growth opportunities for the firm.
Focus on Core Competencies: By partnering with litigation finance companies, law firms can offload the financial and administrative burdens associated with managing litigation expenses. This allows lawyers to focus more on their core competencies, such as legal strategy, case preparation, and client representation.
Faster Resolution: With the financial backing provided by litigation funders, law firms may be able to expedite the litigation process by investing in resources that accelerate case development and resolution, such as hiring additional legal staff or retaining expert consultants.
Overall, working with litigation funding companies can enable law firms to pursue a broader range of cases, manage financial risks, and provide better service to their clients, ultimately enhancing their competitiveness and profitability in the legal marketplace.
Why Deminor?
As you will see from the statistics below, Deminor has the experience, international footprint and size to support your litigation funding needs.
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