Plaintiffs’ attorneys know that no matter how strong a client’s case might be, they won’t be able to see it through to a just and fair completion if their circumstances and ongoing living expenses leave them financially unable to wait for a fair ending.
News & Tips
Legal news, information, and tips to help you succeed
Litigation funding has become much more popular these days, with many more companies joining the industry. There are more options to choose from and attorneys and their clients must choose wisely. Attorneys need to do due diligence to make sure litigation funding is right for their client.
Many plaintiffs head into litigation expecting to see a resolution to their case in the first courtroom. All too often, however, the case isn’t over regardless of whether a plaintiff won or lost the first time around.
Medical malpractice happens. That’s a reality that we patients, and the medical profession, need to accept. Negligent medical care happens all over the country, all the time.
A lot of misconceptions surround litigation funding, and the biggest one is that it is a loan. However, settlement funding is not a loan. The settlement advance company actually purchases the anticipated proceeds of the case from the plaintiff, meaning the plaintiff is no longer at risk if the case is lost.
One of the myths surrounding litigation financing is that it’s only for personal injury plaintiffs. That couldn’t be farther from the truth.
The best part of advanced litigation funding is that claimants pay nothing if they don’t recover in their lawsuits. However, there are a few costs associated with a settlement advance.
Pre-settlement funding is more than just an amount of money received from the sale of future legal settlements. It has an incredible amount of worth to plaintiffs and their families who are struggling to get by as they wait for their cases to be settled. Opponents would have consumers believe that there is no value, but consider the alternatives: ruined credit, eviction, foreclosure, and more.