Third Party Funding
Litigation Funding Made Simple
Litigation funding gives you the financial backing to pursue your claim with confidence. It covers your legal fees, expert reports and all key litigation costs—with no upfront payment required. You only repay the funder if your case is successful.
If the case is lost, the funder absorbs the cost. If you win, the funder takes back their investment plus an agreed success fee, ensuring you retain the majority of your damages.
Funding is especially valuable when facing a well-resourced opponent. It helps level the playing field, protects you from being pressured into early settlement, and allows you to focus on securing the outcome you deserve. For businesses, it also provides an off-balance-sheet solution that reduces budget strain and financial risk.
What Makes a Case Fundable?
Strong Merits
Funders look for cases with clear prospects of success, supported by evidence and expert opinion.
Proportionate Costs
A detailed costs budget helps funders assess whether projected legal spend is proportionate to the value of the claim.
Recoverable Damages
A creditworthy defendant—whether through assets or insurance—improves the likelihood of recovery and strengthens the funding proposition.
Experienced Legal Team
Funders expect your solicitors and counsel to have the right expertise for your type of case. If you need recommendations, our team can help.
After The Event Insurance (ATE)
Most funders will require After the Event insurance as part of their funding offer. Maxima have a fully regulated Insurance Brokerage to help you to secure After the Event Insurance from the marketplace. Please refer to our After the Event page
Why Choose Litigation Funding?
- No upfront legal costs
- Reduced financial risk
- Stronger negotiating power
- Improved cash flow for businesses
- Access to leading legal expertise
MAXIMA/ARAG - OPTIMISE SCHEME
The ‘Optimise’ Scheme has been purposefully designed to assist smaller or niche firms to have access to a Delegated Authority Legal Expenses Policy for their client’s claims. We recognise that smaller firms that may not have the volume of cases per month, to meet the criteria of most insurers to be granted a full Delegated Authority scheme, yet receive good claims and have the necessary expertise to warrant receiving the same benefits, as a much larger practice. For more information as to why we have brought this product offering to the market click here
Clinical Negligence
Key Cover Benefits
- Full Part 36/interim costs orders
- Own disbursement cover
- Counsel's Fees on Non CFA. Portal Access
- Premium Shortfall Cover
- Choice of level of indemnity
- Cover backdated to retainer
- A rated Insurer
Key Scheme Features
- Delegated Authority
- Quick underwriting turnaround
- Streamlined User Friendly
- Relationship Manager
- Competitive premiums
Personal Injury
Key Cover Benefits
- Full Part 36/interim costs orders
- Own disbursement cover
- Counsel's Fees on Non CFA. Portal Access
- Premium Shortfall Cover
- Choice of level of indemnity premiums
- Cover backdated to retainer
- A rated Insurer
- Cover for RTA/Non Motor/Work/sexual abuse
- Asbestos/Mesothelioma
Key Scheme Features
- Delegated Authority
- Quick underwriting turnaround
- Streamlined User Friendly
- Relationship Manager
- Self insured and deferred
Here is what Ruby Imran from Ford Solicitors Limited had to say about the scheme :
"Maxima Group are a company who provide a fantastic service and keep you updated with any changes on a regular basis. They touch base every so often and ensure that any queries are dealt with in a friendly and professional manner. I would highly recommend the Optimise Personal Injury Scheme and the value it has added to our firm.
I would most definitely recommend them to my colleagues. Keep up the good work Vanessa".
To apply to become an Optimise Scheme member please click here or to discuss the scheme benefits further please contact Vanessa or Samantha on 0333 772 0454
ATE Insurance
What is ATE Insurance?
After the Event (ATE) Insurance, also known as Legal Expenses Insurance, protects you against legal costs if your case is unsuccessful. It provides an indemnity for adverse costs, and in some cases, can cover disbursements or a portion of your own legal fees.
ATE insurance is available to anyone already involved in—or considering—a legal claim. It is widely used in the UK for litigation or arbitration and can also apply to international disputes. ATE can be taken alone or alongside Third Party Funding.
How ATE Works?
Protection against adverse costs: Covers the other side’s legal costs if you lose.
Own Costs and Disbursements: Can insure some or all off your expert and legal fees.
Eligibility: Insurers require the case to have good prospects of success.
Variety of policies: varying terms, coverage levels, and premium structures.
Premium Options
ATE premiums can be structured in different ways: Fully deferred/Partially deferred/Upfront and Staged
The right option depends on how you are funding your case and the risks involved. If paying legal fees and insurance premiums upfront is not feasible, Third Party Funding may be a better solution. See our Third Party Funding section for more details.
Why Choose Maxima
We work only with reputable, financially strong insurers, ensuring your cover is reliable. Maxima are specialists in ATE insurance, having placed coverage ranging from £20,000 to several million pounds per case.
Our service is personal, creative, and client-focused. We not only manage your insurance needs but also help guide expectations and support your case strategy, differentiating us from other providers in the market.
ATE & Funding Proposal Form
Media and Entertainment
Media and Entertainment Disputes
We work with clients across the Media, Entertainment and Creative Industries and understand the financial and reputational impact legal disputes can often cause, and the resultant cost to resolve once they arise.
The cost of bringing a claim or defending an action can be significant and with the ever evolving world of technology and digital music, the exposure our clients face is expanding, which can often affect a corporate brand, a career, an image or an individual.
Over the years, Maxima have worked with well-known bands, artists, songwriters, media companies and celebrities, who have had a need for funding, or have just preferred to utilise external funding for their legal costs and expenses rather than utilise their own income.
Confidentiality, and making sure we understand our clients’ circumstances and requirements is paramount to us, and a vital part of the service we offer at Maxima. For details on how third party funding works, please speak to Vanessa Andrews or see our Third Party Funding page.
Media and Entertainment Protection Cover
It is always best to protect yourself or your company in the first place from the inherent litigation risks of the Media & Entertainment Industry. Through Maxima we have access to specialist and comprehensive insurance products to protect you or your company in the event you need to defend a claim being brought against you. Claims could stem from a number of risks but to name a few:
• Defamation including Libel & Slander • Invasion of Privacy • Cyber & Privacy Liability • Intellectual Property Infringement • Data Hacking • Advertising and Personal Injury • Comprehensive Media Liability • Breach of Contract • Blanket Professional Indemnity
As an individual, any claim that affects your reputation or privacy could have immediate and long term career implications, so having the protection of an insurance policy to pay your legal costs provides peace of mind as well as financial assistance.
As a business, as well as the exposure of reputational damage, with the expansion and increasing reliance on technology, the risk of suffering a loss related to problems with computer systems or holding sensitive customer data continues to grow. If your business retains personal information on clients or customers, including names, addresses, bank details and other sensitive data any damage or unauthorised access could lead to legal and regulatory costs as well as reputational damage. This could affect your business’ ability to defend any claims, if you do not have insurance protection in place.
Click below to download
Media Insurance.pdf
To arrange a quotation please contact us with your requirements and we shall use our experience and specialist contacts to source appropriate cover for you.
Creative and Bespoke Solutions
Not every case fits squarely into the market's preferred model.
Where Maxima’s experience and creative approach become of greatest value is here. We don't look at a case as a simple form filling exercise; we look to see what the best options are for the Client. We have relationships with bespoke insurance markets that can develop unique one off solutions, as well as respected relationships with funders that allow the funding to be modelled to suit.
Each client's circumstances are different, together with their attitude to risk. Our experienced multi-field experts will help you find or create a solution that meets your individual requirements.
Here are just a few examples of clients that have come to us and we have tailored a specific solution to meet the exact needs of the case:
A Barrister was working on a case on a direct access basis but the client had run out of funds. His client needed funding to cover costs of a forthcoming mediation and to cover the barrister's costs to trial if necessary. We were able to secure a funder to allow the case to continue and remove all risk from the client.
A client needed an indemnity bond for a security for costs application as the ATE insurance that the client obtained was not deemed adequate security for the courts at that time. The application was being heard within a short timeframe from our instruction. We were able to secure an indemnity bond on behalf of the client that the court accepted and the other side's application for security was dismissed.
A client whose Solicitors and Counsel were engaged on a fully contingent basis, required funds or an indemnity to pay £50,000 billed fees for an expert to attend a trial listed for 4 weeks. We were able to create an alternative risk policy to cover the costs of the expert in the event the case lost and to pay out within 14 days post trial.
A Solicitor approached us, having already tried to source insurance through another broker who had not been able to secure cover on their behalf. On looking at the various insurers' reasons for rejecting the case, it was evident that their main concerns had not been fully addressed. With further explanation we were able to get the case accepted and cover incepted, even though it had previously been declined by 7 insurers. The level of cover sought was £1.1million.
Whatever the hurdles for your case may be, whether financial, risk hedging, or looking for bespoke insurance cover, then please contact us and we will always endeavour to find a solution where possible.
Intellectual Property Insurance
What is Intellectual Property Insurance?
Intellectual Property Insurance covers your business for the legal cost of pursuing infringement or theft of your Intellectual Property. It can also pay to defend you against allegations of infringement.
The main categories of cover are:
How can Intellectual Property Insurance benefit my company?
It is often expensive to bring any claim for losses or damages caused, as a result of another party having infringed on your Intellectual Property rights. It can often be a complex and specialist field and thus the need to have access to the necessary funds to afford the best expertise, should be a choice available to you.
IP insurance, is there to protect you in the event a competitor steals your business model, designs, applications or ideas. Equally it can provide cover if a licensee strays beyond the limits of their licence or if a new competitor makes a legal challenge against what you thought was rightfully yours.
IP insurance can be bought on an annual basis to protect your company, in the event of a claim coming about in the future. This can be very cost effective when comparing to the requirement of needing an IP (After the event) insurance policy, to cover the costs of an ‘actual claim’ to be pursued. For this type of cover please refer to our After the Event insurance section.
Cover can be obtained up to £10M levels of indemnity and can cover UK or worldwide cover.
Click below to download
Intellectual Property Rights pdf.
For further details on this product, please contact us via email or telephone.
Maxima prides itself on being the premier independent broker for commercial litigation funding solutions.
