After the Event / Legal Funding

This Insurance provides cover for individuals or corporate clients who have not taken out insurance cover before the event occurred. With this cover in place, they can still pursue a claim without the fear of expensive legal bills at a later date and enables solicitors to pursue justice for their clients, safe in the knowledge that their fees are covered should cases not go as planned. The underwriters can also offer legal fee funding in cases where the high costs involved are prohibiting the clients in pursuing their case. This is normally where the other side demand security for their costs in the hope that the client will not have the wherewithal to do that. This is often a successful tactic used by opposing lawyers to stifle litigation. However, once security is provided it sends a message that the matter must be taken seriously and this alone can instigate settlement negotiations.