Disputes move quickly but funding applications do not. The time it takes for a funder to go through the due diligence process can be problematic when a case is escalating quickly.
Why Speed Creates a Funding Crunch
UK Courts handle urgent applications very quickly, so having an understanding of how they operate will allow you to communicate the relevant deadline to potential funders and explain the urgency of your case.
Prepare Your Documents Before You Approach
A completed pleadings, merits summary, costs estimate and relevant correspondence can be provided in advance of a meeting to ensure that a funding application is triaged promptly. A complete application will always be dealt with quicker than an application requiring basic documentation.
What Flags a Case as Urgent
State the relevant deadline(s) at the outset. Parties seeking Litigation Funding London are often very time sensitive and such parties clearly flag up a case as needing to be dealt with on an urgent basis where the risk of inaction can be clearly explained.
Delays to Watch For
Incomplete damage valuations and lack of ATE insurance quotes are the two most common causes of delay.
Consider Interim or Bridge Funding
Partial funding for an interim relief application may be possible even if full approval is not forthcoming in time. Some funders are able to commit to a narrower scope of work which can be extended once the hearing has taken place.
Getting these steps right as early as possible will help you to keep your fast-moving case on track.