Our Litigation Funding Products
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’ case.
Why choose Sparkle Capital?
Quick Application Process
We aim to provide an in-principle decision within 3 working days. Therefore, we do not waste our customers’ time and costs. If an in-principle decision to fund is given, then further due diligence will be carried out. If the process does not raise any major issues, not already disclosed in the original application form, then formal terms will be offered. After this, monies will be available for drawdown within 14 days.
No CFA for Meritorious Claims
Historically, the litigation funding market has only funded cases where solicitors act on a Conditional Fee Agreement (CFA) or a Damages-Based Agreement (DBA). Additionally, solicitors can only run a limited number of cases on a CFA or DBA basis. This means many meritorious claims are not considered for litigation funding. However, we can fund any claim which has strong legal merits.
De-Risking Litigation
Litigation is not only complex but expensive and risky. Our funding is only available for cases that have the appropriate ATE Insurance (and where applicable Own Sides ATE). We de-risk litigation for claimants, as well as providing a funding solution. Therefore, we ensure that Claimants will not incur any financial loss for losing a claim.
Our Litigation Funding Products
Product |  |  |  |
Case Size | High Value 1&20 can fund any commercial litigation matter of any claim value, subject to satisfactory case assessment. | Low-Mid Value The product is suitable for low-mid value commercial litigation claims. This is subject to satisfactory case assessment. | Any Case Value This product is available for any size commercial litigation matter. Additionally, the product works alongside funding from other funders and insurers to complete the funding package. |
Pricing | This product follows a simple pricing approach to litigation funding with 1% per month interest, plus an additional 20% of the net damages. | Fixed Interest Release Funding charges a fixed interest on drawn amounts only. | Flexible Disbursement Funding is priced based on our Fixed Interest Release Funding product, therefore giving Claimants certainty through fixed rates of interest. |
Geographical Limits | England and Wales | England and Wales | England and Wales |
Key Features |
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Product | |
Case Size | High Value 1&20 can fund any commercial litigation matter in England and Wales of any claim value, subject to satisfactory case assessment. |
Pricing | This product follows a simple pricing approach to litigation funding with 1% per month interest, plus an additional 20% of the net damages. |
Key Features |
|
Product | |
Case Size | Low-Mid Value The product is suitable for low-mid value commercial litigation claims in England and Wales. This is subject to satisfactory case assessment. |
Pricing | Fixed Interest Release Funding charges a fixed interest on drawn amounts only. |
Key Features |
|
Product | |
Case Size | Any Case Value This product is available for any size commercial litigation matter in England and Wales. Additionally, the product works alongside funding from other funders and insurers to complete the funding package. |
Pricing | Flexible Disbursement Funding is priced based on our Fixed Interest Release Funding product, therefore giving Claimants certainty through fixed rates of interest. |
Key Features |
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Our Application
As we are administered by Acasta Europe Limited, all of our litigation funding applications are reviewed by the team there. The team reviewing the application includes in-house solicitors and ILEX members. Therefore they have a wide knowledge of the legal industry.
Once an application has been submitted, our team aim to give an in-principle decision within 3 working days. To read more about our application process, and to fill out a form, please follow the below link.
