Upon notification of a new matter, our Origination Team focuses on the commercials to ensure the proposed funding solution makes sense for everyone involved. We will then provide indicative commercial terms (term sheet) which rarely vary going forward.
Upon acceptance of the funding terms, our dedicated due Diligence Team will conduct an in-depth assessment of the merits of the matter, along with the lawyer’s strategy for the successful resolution. We will require a detailed budget to be prepared which we will stress test to ensure it is both realistic and proportionate. The estimated damages will be assessed, and we will also take steps to satisfy ourselves that the counterparty is creditworthy or has sufficient assets located in a jurisdiction where enforcement will be feasible.
Once the in-depth assessment has been carried out, the claim will be submitted to our weekly Investment Committee for approval. Upon approval and execution of finance documents, the funding is deployed to the lawyer’s client account. A dedicated Investment Manager in our monitoring team will project manage the case allowing us to react swiftly to developments as they arise.