Allianz Legal Protection (ALP) and Lime Clinical Negligence Solicitors have partnered to provide after the event insurance with the added benefit of ALP’s Paid as Incurred Disbursement (PAID) model.
ALP said the PAID model enables law firms to make early claims for disbursements and there are no drawdown fees or interest, unlike in funding arrangements.
David Vine, business development manager at ALP, commented that the opportunity to collaborate ensures that the injured client’s interests are put at the heart of the litigation.
He said this is the first of many partnerships they expect to be announcing in the near term.
