Funding process

Woodville’s specialised process establishes a robust and secure funding mechanism.

Key to our product is the protective measures put in place to secure our loan which provides the solicitor funding. ‘After the Event’ insurance provides this important additional protection.

Previous litigation funders in this sector saw solicitors directly funded with no coverage or protection in place, with cases being funded at the outset, substantially increasing the risk.

  • Woodville enters the process much later and only at the point where the insurance certificate is attached to the case.
  • A rigorous due diligence process is undertaken for each case to ensure it meets a prospect of success that the law firm considers will achieve a successful outcome.
  • We only fund on a case by case basis.

A key aspect of our product is the robust protective measures we implement to secure our loans, providing essential funding for solicitors. ‘After the Event’ (ATE) insurance adds a critical layer of protection to this process.

In contrast to previous litigation funders who took on significant risks by directly funding solicitors without any coverage, often at the early stages of a case, Woodville takes a more strategic approach. We enter the process much later, only when the insurance certificate is in place.

Each case undergoes a rigorous due diligence process to ensure it meets the law firm’s criteria for a successful outcome. We maintain a selective approach, funding cases on an individual basis only.

The loan process overview

Client lodges claim with solicitor

Solicitor reviews claim; it is accepted/declined

Accepted Claim

Signs up contracts with the client

Policy is now live

ATE Insurance is incepted

Claim is accepted or declined

With ATE Insurance in place Woodville pay out the loan to the law firm

Claim concludes solicitor pays out loan/ATE pays out

Loan is repaid