At The Judge, we’ve seen a rise in the number of lawyers leaving the arrangement of ATE insurance to litigation funders. Litigators should be aware that this is rarely in the client’s best interest.
A funder offering to pay for premiums, which are typically available on deferred terms, will likely be charging significant multiples on the cost of that premium. Put simply, this is money your clients do not usually need to pay. Unfortunately, disputes are already beginning to emerge where clients have later questioned the advice of their lawyers in these instances.
If your client needs litigation funding and/or ATE insurance, contact one of our advisers who can undertake an independent search of both markets to secure the most competitive deal for your client.