Non-recourse. Transparent.
Aligned with your outcome.
Avyana's fee model is designed around one principle: we should only earn a return if you recover.
No management fees. No retainers. No advisory charges. If the claim fails, you owe us nothing. If the claim succeeds, we receive a share of what was recovered.
The higher of two measures at recovery.
Investment multiple
A defined multiple of the total capital Avyana has invested in the matter — typically 2.5x–4x, depending on ticket size, case duration and risk profile.
Percentage of gross recovery
A defined percentage of the total amount recovered by the claimant — typically 20%–35%, depending on the same factors.
Avyana invests €800,000 in legal costs and disbursements. The matter settles for €6,000,000.
- Under multiple
- 3x invested = €2,400,000
- Under percentage
- 30% × €6,000,000 = €1,800,000
Avyana receives €2,400,000 (the higher of the two).
Claimant retains €3,600,000 — a net recovery of 4.5x the funded amount.
Five drivers behind every quote.
Ticket size
Larger commitments typically carry lower percentage returns. Portfolio facilities carry lower rates than single-case commitments.
Claim-to-fund ratio
Cases with higher expected recovery relative to funding cost carry lower rates. Minimum 5:1 expected recovery to funding commitment.
Legal risk profile
Matters at an advanced stage of proceedings, with strong merits and proximate resolution, carry lower rates than early-stage cases.
Duration
Longer expected case timelines carry higher rates, reflecting the time value of capital deployed over multi-year proceedings.
Enforcement risk
Matters with clear enforcement paths in high-quality jurisdictions carry lower rates than cases requiring enforcement across multiple regimes.
Avyana's capital is at risk alongside the claimant's case.
If the claim:
- — Is dismissed
- — Results in a judgment below the funded amount
- — Results in an unenforceable award
- — Settles for less than Avyana's invested capital
In all of these scenarios: the claimant owes Avyana nothing.
Avyana absorbs the loss entirely.
This structure is fundamental to litigation finance as a discipline. It aligns the funder's interest completely with the claimant's interest: Avyana earns a return only if the case is won and the recovery is collected.
Where required, fully provisioned.
In jurisdictions where adverse costs orders are possible (England & Wales, and select other jurisdictions), Avyana requires that an adverse costs insurance policy be in place before capital is committed.
- — Covers the claimant's potential liability for the defendant's legal costs in the event of an adverse outcome.
- — Arranged by Avyana at its own cost in standard cases, or as part of the agreed funding budget.
- — Removes the claimant's residual costs exposure in jurisdictions where costs follow the event.
In civil-law jurisdictions (Germany, Switzerland, Austria, Spain and most EMEA markets), adverse costs orders are limited or structured differently, and the insurance requirement is assessed on a case-by-case basis.
Blended risk. Better economics.
Portfolio facilities for law firms and corporate claimants are priced on a blended basis across the funded portfolio.
- — Committed facility: €2M–€15M, drawn against agreed criteria.
- — Return structure: lower percentage of aggregate recovery than single-case funding, reflecting portfolio diversification.
- — Draw conditions: agreed matter eligibility criteria, minimum ticket per matter, portfolio composition limits.
Portfolio facility terms are negotiated individually and are not published. Contact us to discuss a portfolio mandate.
Practical questions, plainly answered.
A strong case deserves to be argued.
Send us a one-page summary.
Every enquiry is covered by NDA before any file is shared. Response within five working days.