Funding Process
At ALFA, we believe in making the litigation funding process transparent, efficient, and supportive. We are committed to building a long term working relationship with each of our partner law firms. Our AI-driven approach ensures that every step is data-informed and client-focused.
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Step 1
Initial Onboarding
When partnering with law firms, we like to prequalify the firm and onboard them with a blanket agreement. This helps us lay the foundation to quickly approve new cases as they come up. During the initial onboarding, we have an initial review of the firm finances, and establish integrations with your technology to make approvals and reporting as streamlined as possible.
Step 2
Initial Inquiry
The journey begins with an initial inquiry, where law firms reach out to us to discuss their case and funding needs. This can be done through our online submission form or by contacting our team directly . During this stage, we gather preliminary information about the case, including the nature of the dispute, key facts, and any relevant documentation. This initial step helps us understand the case basics and determine if it aligns with our funding criteria.
Step 3
AI-Driven Analysis
Once we receive the case details, our advanced AI technology comes into play. Our AI algorithms perform a comprehensive analysis of the submitted briefs, legal arguments, and relevant case data. By examining historical case outcomes, legal precedents, and specific factors related to the case, our AI evaluates the likelihood of success.
This thorough analysis provides a detailed risk assessment and predicts potential outcomes, including success probability, award amounts, and trial duration. Our AI-driven approach ensures objectivity and accuracy, forming the foundation of our decision-making process.
Step 4
Underwriting
Following the AI analysis, our expert underwriting team reviews the findings. This team consists of seasoned legal and financial professionals who assess the case's merits and potential risks. They consider the AI-generated insights alongside their expertise to evaluate the case's overall viability. This step ensures that all aspects of the case are carefully considered, and it helps us tailor our funding approach to meet the specific needs of each client.
Step 5
Term Sheet
If the case passes our underwriting criteria, we move forward by drafting a term sheet. The term sheet outlines the key terms and conditions of the funding agreement, including the amount of funding, repayment terms, and our share of the proceeds. We ensure that the terms are clear, fair, and transparent, providing our clients with a comprehensive understanding of the funding arrangement. The term sheet serves as a preliminary agreement, subject to the final documentation and mutual approval.
Step 6
Documentation
Once the term sheet is agreed upon, we proceed with the documentation phase. This involves preparing the final legal documents that formalize the funding agreement. Our legal team works closely with the client to ensure all necessary paperwork is completed accurately and promptly.
We prioritize clear communication and support during this phase, addressing any questions or concerns our clients may have. This step culminates in the signing of the funding agreement, officially initiating our partnership.
Step 7
Funding
With the documentation finalized, we proceed to disburse the funds. The approved funding amount is transferred to the client, providing them with the financial resources needed to pursue their case. This timely infusion of capital allows our clients to cover legal fees, expert witness costs, and other litigation expenses without financial strain. Our goal is to empower our clients to focus on building a strong case and achieving the best possible outcome.
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Step 8
Monitoring
Our commitment to our clients extends beyond the funding stage. Throughout the litigation process, we continuously monitor the case's progress. Our AI technology plays a crucial role in this ongoing evaluation, analyzing new developments, motions, and court rulings to provide updated insights and predictions. This continuous monitoring allows us to support our clients proactively, offering strategic advice and adjusting our approach as needed. We stay engaged until the case is resolved, ensuring that our clients have the resources and support they need at every stage.
By following this structured and innovative funding process, ALFA provides unparalleled support to clients navigating complex litigation. Our AI-driven approach, combined with expert underwriting and continuous monitoring, ensures that our clients receive the financial backing and strategic insights necessary for success. Discover the ALFA advantage and see how our funding process can transform your litigation journey.
