Disbursement Funding for Solicitors
Temple has led the after-the event insurance market with products that have become industry benchmarks. These products are complemented perfectly by our disbursement funding for your client’s disbursements.
Through Temple Funding, our subsidiary company, we offer an easy to administer and affordable on-line funding facility for your client’s legal disputes. This gives them the freedom to pursue their case with peace of mind that the financial burden of litigation has been reduced.
Of equal importance, it removes a considerable financial strain on your firm’s cash flow resulting from funding your client’s expenses – and keeps the costs away from your balance sheet. Resolving this burden can enable litigation to happen that might otherwise either not have been pursued or, if it was, may not run to its full potential.
Temple Funding’s facilities are for clients of law firms using our After The Event (ATE) insurance provided as part of a fully delegated authority scheme or, for commercial litigation, through our premier facility.
The Temple Advantage
By becoming a Temple Legal Protection ATE insurance coverholder your firm is then automatically eligible to apply for our disbursement funding solution. With a low interest rate of just 10%, you’ve got to nothing lose. Here’s why leading litigators use Temple –
- Disbursement funding interest is only applied to funds used, not funds allocated
- There are no third party funders involved, no hidden charges and no ambiguity – just transparent, responsible lending
- It can be used at the outset or used as a facility offered as the costs involved in the litigation increase and your client’s resources are reduced
- Our ATE insurance products are backed by RSA, a leading UK insurer
Working with us is very straightforward. We’re an independent UK based company with no external financiers or offshore funders and fully authorised by the Financial Conduct Authority. You can speak directly with our in-house team of lawyers and insurance professionals; they have an unrivalled knowledge of the complexities of litigation and a pragmatic approach when determining the suitability of a case for funding.
Don’t just take our word for it
“Having worked with Temple Legal Protection for many years in connection with our busy clinical negligence practice, it was only natural that we would look to Temple for our client’s disbursement funding needs. Since signing up, we have been able to grow our clinical negligence practice with confidence. The facility itself, and drawing down funds, is an example of simplicity. With the straightforward online interface provided by Temple, clients and firms alike can be sure that funds are received within a matter of a few hours allowing fee earners to get on with progressing their cases. Finally, as a business owner, the facility provided by Temple offers security for the firm going forward and adds value to the service we give to our clients.”
James King – GoodLaw Solicitors LLP
You may also like to read
- Is disbursement funding interest recoverable?
- When there is no Arkin Cap, Temple fills the gap – Part 1
- ATE Insurance for Clinical Negligence claims
- Commercial Litigation Insurance
Contact Our Experts
For commercial litigation, to discuss your needs and eligibility for a Temple disbursement funding facility please call David Chase on 01483 514424 or email firstname.lastname@example.org.
For Clinical Negligence and serious injury litigation, to discuss your needs and eligibility for a Temple disbursement funding facility please call Matthew Best on 01483 577804 or email email@example.com.