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You’re a partner in a litigation or arbitration practice and your client approaches you about a potential claim. Following an initial review, the claim stacks up and you submit a fee proposal. You wait to hear back from the client and, when you do, there is a reluctance on their part to pay your fees, for the usual reasons – they don’t have the cash, they’ve exhausted their legal budget for the year, they are concerned about the risk of losing the claim and so on. Third party funding seems like it would work well given the client’s circumstances and you start discussing this with them.

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