FINANCIAL STRENGTH FOR YOUR CLIENT, A PARTNER FOR YOUR FIRM
FINANCIAL STRENGTH & AGILITY
We have in excess of £60 million of capital for investment in commercial litigation and arbitration. We view disputes as assets and take a flexible approach to providing the funding which best suit your client’s needs.
We are a knowledgeable partner, we understand both the dispute resolution process, and the competitive environment law firms and partners operate in.
A LONG TERM RELATIONSHIP
Our goal is to create lasting relationships with the lawyers and law firms we work with. Such relationships often lead to cross-referrals, portfolio funding and a faster more transparent process.
TRAINING & UPDATES
We offer a range of tailored trainings to empower you to provide your clients with the most current advice on their funding options. We offer a range of options for fee-earners of all levels of experience/ areas of law.
Our process for lawyers
Desktop Diligence Review
Timescale 15 minutes
or click here to download our questionnaire
- Evaluate the basic facts & economics
- Produce an indicative commercial term sheet
Timescale 1 hour
Answer some initial questions on key points
and send through key documents
- Review the key documents
- Request Solicitor/Counsel opinion (where required)
Timescale 1 week
- Complete an in-house legal review of the matter which evaluates the legal merits, the economics and the budget of the matter
- Prepare a formal application
Timescale Half a day
- Hold a meeting of our investment committee to approve investments (Weekly)
Timescale 1 week
and execute the funding documents
- Transfer the requested funds into your client trust account
*NB timings are a guide only and best case – timeline will depend greatly on availability of information
How does the process work?
The Augusta litigation funding application process is transparent and fast, and we will work with you to complete the application so that it has the best chance of being approved for funding.
We start with a light touch diligence review of the matter that can usually be completed in about 30 minutes. This allows us to establish whether we are likely to be able to assist.
We ask for preliminary estimates of the costs and claim value, and then provide you with a funding term sheet.
- Selection Criteria
These simple yes/no questions allow us to identify and discuss any issues that may make funding problematic.
We ask some basic information regarding the opponent’s ability to pay.
If the initial review is positive, then the case has a reasonable chance of being funded and will move through to our diligence team for a detailed review.
Matters that satisfy the detailed review will then be presented to our investment committee for approval.
Once approved, and upon execution of the funding agreement, funds are deployed into the firm’s client trust account.
It was particularly important for us to work with a funder who would allow us to get on with the job, without interfering in the management of a case. Augusta made the whole process as straightforward and lawyer friendly as possible.
Augusta Ventures Australia is very excited to be involved with Shine Lawyers in pursuing a class action against AMP following revelations uncovered by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Read more: https://www.moneymanagement.com.au/news/financial-planning/shine-joins-line-lawyers-after-amp https://www.shine.com.au/service/class-actions/amp-investigation/ Please call us to discuss funding your commercial (including class actions) and insolvency claims:…
Our key highlights include: Committing $12 million to Australian claims, with a strong case pipeline; forming strong working relationships with litigation lawyers and insolvency practitioners; unique product differentiators: Deployment of funding in tranches into lawyers’ trust accounts (facilitates prompt invoice payment); our hands-off approach once the case has been approved…