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.
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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.
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
Meet the Woodville team
Our in-house underwriting team have over 25 years’ experience and are well positioned to assist in the reviewing of loan enquiries and efficient funding of legal claims.