Temple Funding works with many leading specialist clinical negligence law firms. We are fully authorised and regulated by the Financial Conduct Authority. This provides transparency, protection and security to you, your law firm and your clients.
The realities of funding disbursements for clinical negligence claims means an additional impact on your law firm’s finances. Removing this burden from your balance sheet can be the difference between you being able to take on the case or not.
This case study is an example of how disbursement funding from Temple Funding can work for your firm and increase your client’s understanding of the costs involved, the role of funding and ATE insurance. It may also encourage your client to engage your firm’s services faster by creating that all-important peace of mind about pursuing the claim.
The information provided below in this example is based on a typical clinical negligence case settling for £50,000, where: –
- The client obtains one report on breach of duty;
- The client obtains one report on causation;
- The client obtains a condition and prognosis report;
- The client incurs the Court Fee of £2,500;
- The client incurs the Setting Down Fee of £1090.
Not included in this example are: –
- Costs of assessment – for cases where the ATE insurance premium is recoverable;
- Cost of any interim applications or other court fees, which are usually covered under the ATE insurance;
- Mediator or arbitrator fees, which could be covered under the ATE insurance;
Typically there would only be one drawdown fee since a solicitor would usually draw down all the monies needed in a single tranche.
clinical negligence funding table
Your next step:
To discuss your needs and eligibility for a funding facility from Temple please call Matthew Best on 01483 577804 or email matthew.best@temple-funding.co.uk.