Specific Claim Evaluation

The process of applying for funding is easy.

You or your attorney contacts us and outlines the nature of the claim and its possible value.

We execute a confidentiality agreement in terms of neither us nor you may release information we exchange. In addition common interest privilege is asserted by all parties over your legal documents.

We review your application and any enclosed documents, and request further information as required including fee estimates from the lawyers.

Factors that we consider involve the strength of the claim, the costs involved, and the likely capacity of the defendant to meet a judgment. If your claim isn’t suitable for funding, we will let you know promptly.

If we make a funding offer, we send you or your lawyer a funding agreement.

The funding agreement usually provides that Jericho will pay legal fees and disbursements and pay any adverse costs order. Jericho may also provide security for costs if security for costs is ordered by the Court.

In return, from any resolution sum, we are entitled to be reimbursed project costs (cost paid by Jericho during the course of the matter including legal costs, practitioner costs and disbursements) and a portion of the award amount.

Our success fee normally ranges between 30% and 50% of the final award amount. Factors affecting the percentage include the size and strength of the case, its likely duration, and the potential costs award that may need to be covered in the even of a loss.

A case may take anywhere between one and four years as it moves through the litigation process.

As a support to you and your lawyers, Jericho provides strategic planning, monitoring and management throughout this process.

While the majority of cases settle before trial, we insist all cases are evaluated, funded and conducted with the aim that they are run to final court judgement.

If the matter does proceed to trial, the judge will in due course provide a written judgment in support of his decision, and make an appropriate order as to costs. Either party may appeal the decision.

If the claim is successful, the defendant will be obliged to pay an agreed or determined sum of money into the plaintiff lawyer’s trust account.

From this sum the lawyer will deduct the fees owing to Jericho pursuant to the Funding Agreement, and pay the balance of funds to the client.

If the claim fails, Jericho is responsible for paying the Defendant’s costs on the terms of the funding agreement.