LPF Group funds the payment of litigation costs in return for a percentage of the outcome of each case. As well as paying lawyers' fees, legal costs funded may cover security for costs and adverse costs orders. The formula for, and quantum of LPF Group's fee is governed by the funding agreement in each case.
Funding is provided on a no win no fee basis.
To be considered by LPF Group, generally claims should be at least $1 million.
LPF Group currently provides funds for cases in a variety of areas, including insolvency related matters and commercial litigation.
LPF Group's value as a funder is not limited to providing finance. LPF Group also provides investigative, management and other services and expertise on the claims which it funds. This may include for example: advice on strategy, assistance in preparing claim materials, selecting and retaining lawyers, assistance in considering legal advice, and facilitating non-litigious means of resolving claims.
LPF Group's New Zealand base and extensive ties with the local business scene, combined with experience and expertise from across the Tasman, sets it apart in its ability to provide these services for New Zealand claims.
LPF appreciates the value and importance of expeditious reviews of applications for funding and assistance, and has established procedures to ensure it can provide as quick an answer as possible.
No charge is payable for LPF Group reviewing an application.
The information in this article was current at 02 Dec 2011