Our approach to insolvency litigation funding
Manolete is different from other litigation funders. We take on all the risk in every case and work in a three-way partnership with IPs and their lawyers to ensure meritorious claims are pursued and resolved. We pay large up-front cash payments immediately to relieve the pressure of unpaid WIP and to finance crucial further investigation work.
Our close connection to Insolvency Practitioners and their lawyers is at the very heart of our daily business. Since 2009, Manolete has engaged with hundreds of IPs and their external legal advisers. Every IP who has ever worked with Manolete has returned to us with further cases. Each member of our investment team has an excellent knowledge of the insolvency law and the sector – so we get up to speed with your case fast.
On all invested cases, we are there to financially support the work of the IP and lawyers to make recoveries for the Creditor Estate. Manolete always assumes the entire risk. Creditor Estates also receive between 50% and 90% of final net returns. Should the case fail, Manolete bears the full cost.
There is also a full 'cash-out' option where we pay a single large one-off amount upfront in return for 100% of the recovery.
We work with all kinds of insolvency solicitors' firms and in the UK insolvency market. Our house policy is to always work with the IPs’ choice of solicitors. Lawyers and other professionals working on our cases are remunerated as and when the work is done – they are never asked to act contingently.
Since 2009, Manolete has engaged with hundreds of IPs and their chosen external legal advisers."
Steven Cooklin Chief Executive
Manolete pays all the costs and takes all the risk to ensure optimal returns to the insolvent estate. View the animation here to learn how the Manolete claims process works in practice.
The key benefits of the Manolete model and how we are different from other litigation finance companies.
There is no risk to the creditor estate with a compete indemnity given to the IP and the estate.
Overcomes any security for costs issues. No need for ATE insurance.
Estates benefit from our immediate cash injection. Unlike other funders, we pay funds upfront towards WIP already incurred by the IP and solicitors.
The model makes better relationships
In all cases, the IP chooses the solicitors who are paid as the legal work is done.
Unlike other funders, we pay funds upfront towards WIP already incurred by the IP and solicitors.
If the IP wishes to exit, Manolete has the ability to purchase claims in their entirety which removes all risk from the IP and full indemnity is provided.
What they say about us
"Professional, knowledgeable and commercial, we have worked, and continue to work, on a number of cases with Manolete where our clients have sought litigation funding. Both we and our clients find their collaborative approach fresh and dynamic, in all cases adding value from the outset and with a high success rate."
"Manolete are known throughout the insolvency industry as the ‘go to’ company for insolvency litigation funding. Its reputation can be attributed to its fantastic legal team. The team are experts in their field, very commercially aware but stern when required."
“The Manolete team are experienced and well versed in managing complex claims which means they’re knowledgeable, collaborative, receptive to advice and extremely commercial in their approach. This in turn serves to maximise the chances of efficient and successful outcomes whilst maintaining a high level of attention to detail and a strategy that accommodates change.”
