Sentry Funding’s free tool enabling litigators to instantly search the funding market on behalf of clients has been expanded.
Sentry’s free ‘decision in principle’ feature enables lawyers to evidence to clients that they have conducted a broad market search, even if funding is not ultimately taken out.
Having deployed £125m in funding across a range of case types, Sentry now has access to an even broader funding marketplace, covering 34 global jurisdictions. Finance is provided by 13 funders, five of which are members of the Association of Litigation Funders.
With the recent addition of Sentry’s first US-based funder, the US offering will now be expanding over the next few months.
A faster process
Sentry has deployed the latest technology to make the search for funding even easier.
- The intuitive application process now only asks questions relevant to previous answers, saving lawyers time.
- The commercial marketplace has been redeveloped with 63 new data points added to the funder criteria matrix - improving the accuracy of case / funder matching
- Sentry has also begun building out its AI capabilities, starting with an automated auditing tool for live case progression audits.
Tom Webster, chief executive officer at Sentry Funding, said:
‘By broadening our reach and speeding up the process, we’re making it even easier for lawyers to raise funding. We’re also giving litigators an easy way to show clients they have fully researched the market, rather than just approaching one or two funders.
‘The service is free to use, so even if clients decide they do not ultimately want funding or if none is available for that case, for the lawyer, it makes sense to use our “decision in principle” feature, so they can put evidence on file that they did check the market.’
Sentry Funding is an SaaS (software as a service) technology provider that gives solicitors access to a diverse marketplace of litigation funders. It works with solicitors, funders and third-party providers to ensure claimants are getting the most efficient service for their funding needs.
The Sentry Portal also acts as a case management system that runs a transparent digital case file for solicitors, funders, after-the-event insurance providers, barristers, cost lawyers and other relevant third parties.
