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ClinNeg

Disbursement funding for ClinNeg cases
Clin Neg

For clinical negligence cases, Novitas will fund the disbursements incurred by the firm on behalf of the client. This recognises the issue that law firms face where significant working capital is tied up in cases. The loan facility is with the client and the law firm simply draws down as required.

In Partnership with:

 

The facility is therefore totally off balance sheet from the firm’s perspective as funding is repaid from the proceeds of the case without recourse to the firm’s assets. The loan is backed by insurance from an approved insurer to meet the loan in the event the case is not successful.

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Key benefits

  • Off-balance sheet lending for the law firm
  • No requirement for client or law firm to service the loan
  • Simple administration and fast payment via online system
  • Insurance to meet the loan repayment and interest if the case is lost
  • Open ended loan term for each funding that is drawn down
  • Unlimited draw-downs, up to the policy limit

This unique facility will:

  • Improve law firm cash-flow position;
  • Strengthen relations with third parties, such as medical firms, who can now be paid upfront;
  • Allow a wider choice of expert;
  • Allow the law firm to take on more clients.

What our clients say.

We are delighted that Novitas have introduced this innovative new lending product for contested probate matters. The loan enables genuine claimants to gain access to justice at a time of great emotional difficulty.

Martin Holdsworth, Partner, Jones Myers

Novitas provides an invaluable service to family law practitioners and clients where immediate cashflow is a problem. I would recommend Novitas without hesitation.

Emma Harte, Partner, Alexiou Fisher Philipps

We have used Novitas to fund a number of cases. They have been very efficient, easy and responsive to deal with and we have every intention of using them again.

Roger Cobden-Ramsay, Partner, Harcus Sinclair

You have been an absolute life-saver for me over these last two very difficult years. Your service and commitment have been unwavering and I am in no doubt that using Noivtas has given me a much better outcome from my divorce. I cannot thank you enough.

Mrs B, client of Osbourne's Solicitors

Novitas provides a wide range of useful products and a prompt, efficient and user friendly service, and as such are rightly regarded as a market leader.

Julian Ribert, Partner, Levison Meltzer Pigott

Having Novitas has changed the way in which we do business. It enables us to give a better service to our clients and it gives our clients peace of mind knowing that they can afford advice and representation.

Frances Lindsay, Partner, Mediator, Collaborative Practitioner, Famly Arbitrator

Many wives are forced into unfair deals because their husbands run them out of money. On the other hand, husbands who know their wives can afford good lawyers tend to go for a quick and fair deal. Within funding from Novitas, you can change the dynamics.

Justin Moss, Partner, Moss Fallon