Our Approach

Third party litigation funding is the funding of a litigation claim by a party that is not a direct party in the litigation.

One of the major benefits of third party litigation funding is that it enables litigation to proceed that would otherwise not have been pursued.

Our litigation funding products are written on a bespoke basis, so they can be tailored to the Claimants’ cases.

Historically, the litigation funding market has only funded cases where solicitors act on a Conditional Fee Agreement (CFA) or a Damages-Based Agreement (DBA). In a similar vein, many law firms will only run a limited number of cases on a CFA or DBA basis, so as to mitigate their own risk and ensure their businesses’ liquidity is maintained.

Bespoke Finance

Our solutions are always created bespoke to each piece of litigation and its funding needs.

Our Limits

We provide funding for anything between £500K, right up to £10m.

Privately Owned

Meaning we face fewer restrictions and limitations than other funders

Quick Decisions

We work to give you a in-principle decision within 3 working days.

This means many meritorious claims are not considered for litigation funding.

Sparkle Capital can fund any claim which has strong legal merits, and will work with stakeholders to spread risk fairly, even if that means the solicitors do not operate on a contingent basis.

Litigation is not only complex but expensive and risky.

Our funding is typically only available for cases that have appropriate ATE Insurance.

Our Process

Case Size

Our funding is available for any case value, although the economics of ensuring all parties receive a fair return lend themselves to a minimum case value of £500k.

Pricing

Our funding is designed bespoke to each matter, but we have always preferred a fixed interest model, rather than damage share models. We believe this is preferable to Claimants to provide certainty of their funding outlay at any one moment, as well as being the most cost effective.

Geographical Limits

We prefer matters within the jurisdiction of England and Wales, but we will consider matters of particular merit in Scotland, Northern Ireland and beyond.

Turnaround

Once the litigation funding documents have been executed, we commit to honour valid drawdown requests within 2 weeks of receipt. However, in practice it’s rare for such drawdowns to take more than 48 hours to process.

Key Points

• Cost effective disbursement funding for court fees.
• We can fund specific disbursements in commercial litigation cases.
• Structural flexibility – We understand each case has different funding needs, so we apply flexibility to tailor to your needs.

Once an application has been submitted, our team aim to give an in-principle decision within 5 working days

Your application is reviewed

We provide an indication of our interest within 3 working days

If approved, further due diligence will be carried out

If no other information is needed, formal terms will be offered

Monies will be available for drawdown within 14 days

Start Application