The litigation and arbitration finance landscape is complex and difficult to navigate, which is where 4 Rivers can add significant value. We spend time regularly with funders, discussing specific cases, monitoring criteria, debating legal merits and much more. This means that we are in an excellent position to advise objectively as to which are the best funds to engage with on specific cases. We establish competitive tension between funders to deliver the optimum result for the claimant; most funders do have some flexibility in their structures and we know how best to tap into this flexibility. We can also invest our own funds in selected cases.
4 Rivers takes away the burden of seeking third-party funding away from the law firm and ensures that lay clients receive the very best offers available in the marketplace for the funding of their disputes. This allows the law firm to discharge its duty of care in assisting clients with funding options and enables it to focus on its core fee-earning activities.
Our role generally involves compiling a formal funding memorandum which contains information on the merits of the claim, the quantum, the claimant and the defendant, as well as detailed workings on the economics of the claim which show predicted returns to all stakeholders at certain stages of recovery.
We then research the most suitable third-party funders to provide finance for the dispute by interrogating our own bespoke database of third-party funders and producing a recommended list of those to approach. Subsequently we conduct initial detailed negotiations with the shortlisted funders and, where possible, procure indicative offers of funding from them. We then work with the client to make a selection of the funder and then assist in managing the chosen third-party funder’s due diligence procedures through a period of agreed exclusivity. Finally, we project manage the transaction to completion including negotiation of final financial and contractual matters with the chosen third-party funder.