As a leading provider of After the Event legal expenses insurance we work closely with a large number of legal practices and specialist brokers. As a result of this we listen to the concerns and issues that our partners in this sector face. One of the most common problems we come across is the number of actions that are not pursued due to lack of funds. This is why we devised our funding products.
Third party litigation funding has been a feature of legal disputes for many years in the United States and is now gaining traction in the UK. The feedback we have is that many of the facilities in the UK are seen to be complicated and only available for cases where there are very high damages involved.
We have worked with Sparkle Capital Limited to create Litigation Funding facilities that are exclusive to Acasta and that can be applied to cases where the funding requirement is as low as £10,000. Working with Sparkle Capital we have created two funding options.
A third party litigation funding option called Sparkle Capital Lite that has been designed to cater for smaller claims where the damages are likely to be less than £1,000,000.