Finance evolves rapidly and with our "New Way" we offer a range of funding options from various lenders, making finding the right product time-consuming. Our team analyses provider differences to match you with the best lender. By building relationships with lenders, we offer diverse lending options. Whether you're an individual or business, understanding your needs is crucial for finding the right lender. As Litigation Finance evolves, investors must adapt to a competitive market.
Litigation financing, a crucial financial mechanism in the legal world, entails a third-party entity providing the necessary capital to facilitate the progression of expensive litigation and arbitration cases. This type of funding plays a pivotal role in ensuring that individuals and corporations, who might otherwise be financially unable, can proceed with legal claims and seek justice.
The availability of litigation financing not only supports the pursuit of justice but also helps alleviate the financial strain and risk for law firms. In many instances, legal practices may find themselves unable to take on cases unless litigation finance is secured, as it provides a safeguard against potential financial burdens and risks that could otherwise inhibit their ability to represent clients effectively.
Because the litigation funders return is tied to the outcome of the case they are, understandably, incentivised to fund cases with a good prospect of success. They will also examine how able the opposing party will be to pay the damages where the claim is successful.
Should you not be able to access Litigation Finance for any reason we can talk to you about alternative financial solutions. This may allow cases to be brought where the legal team is confident about the likely success of the case for reasons that maybe don’t inspire the same level of confidence in the litigation funder. We may also be able to offer alternatives to portfolio lending allowing legal firms to borrow at lower cost whilst retaining control over how to spend the working capital
We have extensive experience of working with law firms to provide financial solutions. This type of lending may not be contingent on the likely success of litigation or arbitration but on the financial strength of the business as a whole.
Financing to cover VAT and Tax Bills are popular with our professional clients and are often taken up year on year as this allows for borrowing over relatively short periods and retains working capital for reinvestment.
We are able to finance Aged Debt, Disbursement Costs which again are products designed to manage cash flow as you grow your business.
As your business grows we can finance the purchase of new premises and refurbishment costs. Novo Modo is able to provide financing solutions for all aspects of your practice.
As brokers, we offer financial loan services to clients in many commercial environments and for all aspects of business growth and development.
We may be able to facilitate access to working capital from across a panel of over 150 lenders with a broader scope than traditionally taken by funders focussing solely on litigation finance products.
“An effective system of civil justice is one of the cornerstones of a civilised society. Without it businesses could not trade, individuals could not enforce their civil liberties and governments could not be challenged”
(Reforming Civil Litigation Funding and Costs in England and Wales. Implementation of Lord Justice Jackson’s Recommendations. The Government Response. Ministerial Foreword. The Rt Hon Kenneth Clarke. QC, MP. Lord Chancellor and Secretary of State for Justice, Jonathan Djanogly MP, Justice Minister, March 2011)
Registered office: NOVO MODO LITIGATION FINANCE LTD.. 24 Castle Street, Chester, United Kingdom, CH1 2DS company Number 15780783
ICO Reference: ZB757135