Portfolio of awarded legal costs

Problem

Several law firms had portfolios of lawsuits in which the fees agreed with the plaintiff included the costs awarded to be paid by the opposing party. Despite having a final positive ruling, the costs appraisal process in certain courts can be lengthy, which worsens the working capital profile of the law firms

Solution

Claimbnb advanced to these law firms a portion of the costs due, taking as collateral the receivables arising from the collection of the cost awards

Result

These law firms were able to monetize early part of the amounts owed related to cost awards, which allowed them to have liquidity to operate their day-to-day business, while retaining a large share of the costs to be collected in the future