A British company paid for the significant legal fees and expenses and suffered negative accounting consequences as a result.
Solution :The company secured several million dollars for legal fees and expenses from a major funder and the client had the flexibility to relieve legal expense budget pressure.
A UK-based company was seeking recoveries in an arbitration matter relating to a dispute with its former business partner. The company did not want to accept a premature settlement offer, but as legal bills mounted, the client faced liquidity challenges.
Solution :A major funder provided several million dollars for the company to pay ongoing legal fees and avoid incurring additional expenses during its protracted claim.