Legal Cost & Contingent Fee Insurance

ALF investment capital can only meet certain needs of law firms and their clients. Sometimes it is an inefficient and costly means to hedge risk of loss in a commercial claim investment. Insurance can provide a more cost-effective alternative to litigation finance. It also can provide the means for an otherwise risk-averse law firm to take an engagement on a pure contingent fee basis, with costs and invested fees insured or guaranteed.  Insurance is sometimes a means to an end; sometimes it anchors a broader strategy.  For example, a Best A-rated insurance policy can facilitate (or even provide the sole collateral) for law firm borrowings.

The Legis team has substantial experience in structuring insurance policies, guaranties, and more complex insurance wrappers to cover a variety of litigation-related risks, ranging from adverse costs risk to risk of loss of investments made through contingent fee arrangements. Over the past eight years, we have placed tens of millions of dollars of insurance in a variety of unique policies. We have placed one-off insurance solutions and have developed a full insurance program.

Our insurance group is positioned to place insurance over any number of litigation risks, no matter how exotic. Sometimes the insurance is placed through our affiliated broker in Bermuda.

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