Third Party Funding is where a commercial funder agrees to cover some or all of the legal fees and expenses incurred by a party (usually a claimant) in relation to a dispute. In return, if the party is successful in the dispute, the funder will receive a return on its investment, usually a share of the sums recovered (often calculated as either, or a combination of, a multiple of its investment or a percentage of the amount recovered), plus, as a priority, repayment of the amount paid out. Third Party Funding is becoming of increasing interest to businesses as a source of capital to finance and offset the risk of disputes they are involved in. In this flash briefing, we answer 10 of the most frequently asked questions corporate counsel have about Third Party Funding.*The answers in this document reflect the approach taken by Omni Bridgeway and industry best practice. Due diligence should be conducted on any specific funder in respect of their approach to the same. footnoteWatch Third Party Funding video series

Changing tech, changing risks

‘Robo-dir­ect­ors’ and ‘Robo-ad­visors’ - liability for bad decisions based on AI technologies AI technologies are increasingly influencing the decisions we make in our private and professional lives...