Formed in 2007, Harbour is a member of the Association of Litigation Funders of England & Wales (ALF) and complies with the directions of its Code of Conduct.
A provider of litigation risk management and financing solutions, Harbour funds up to 100% of the costs of disputes. Like some other litigation funding providers, if the case is settled or won, provided monies are collected, Harbour receives its investment return as a pre-agreed share of the proceeds. Harbour pays the legal bills for the life of the claim.
Neither the claimant nor the law firm need to reimburse Harbour for its investment made in the case, should the case prove to be unsuccessful. Harbour supports corporates to hedge risk and free up working capital for other purposes.
PROS
Harbour is prepared to pay for the best legal team to give the client the best chance of success
Simple pricing which is agreed upfront
Control of the litigation remains with the claimant and legal team
Legal fees are paid on a monthly basis and ring-fenced for the claim
Harbour helps to manage After The Event Insurance (ATE) for the claimant which pays out the opponent's legal costs in the event of an adverse judgement (up to £6.5 million in adverse costs cover per case)
KEY POINTS TO CONSIDER
No minimum claim value and no upper limit
Legal bills paid, including disbursements
Help to arrange insurance for the other sides' costs
Personal injury and divorce claims are excluded
Investment agreement contains a "material adverse decline" clause which permits Harbour to withdraw providing funding in certain circumstances (but costs paid up to that date do not usually have to be repaid)
Harbour is never paid more than the amount recovered by the claimant
Harbour has instant access to funds
£750 million of capital under management
If you'd like further information on Harbour or would like us to connect you to their funding team to obtain the most competitive rates, please contact us below.