Justice is a pure form, which is supposed to be equal to everyone, without considering the background, wealth or status. But the thing is that the high cost of maintenance is a bitter reality of many individuals as well as few organizations, because fighting a legal battle goes hand in hand with its cost being very costly making justice unaffordable to many people. This is the place where a concept of the legal rights should not be the matter of financial power is put into perspective.
The Harsh Reality of Legal Costs
Litigation may be costly in terms of court charges and expenses incurred in drawing legal records to legal fees to attorneys. In the case of most people, the legal discouragement to obtaining justice is the extensive expenses incurred even when there is a solid case. As a matter of fact, there are few parties that have the strategy to prolong cases in courts just to drain the other party financially because justice becomes a game of stamina and poverty.
Why Access to Justice Matters
Justice is not only about law principles, it is a human right. People are unable to work out their deals, cash in on what is rightly held, or safeguard their freedoms, without reasonable means to utilize the courts. This portrays the lack of fair justice that shows mistrust on the legal system and in general the society. It is the right of every individual either as a small business owner, employee or consumer to seek justice without incurring the strain of finances.
The Rise of Litigation Finance
Legal funding, which is also referred to as litigation finance, has come in to chip away at this problem. It helps individuals and companies to finance their lawsuits without having to consider its initial cost. A third-party funder puts up the legal costs in return of a share of the prospective settlement or award. In the event of loss, he/she bears the loss instead of the litigant- this is the case where the funder takes or bears the risk.
Key Benefits of Litigation Finance:
- Level Playing Field: Allows financially weaker parties to stand against powerful opponents.
- Risk-Free Justice: No repayment if the case is unsuccessful.
- Focus on the Case: Claimants can focus on winning the case rather than worrying about fees.
Beyond Litigation Finance: Other Legal Support Models
In addition to litigation finance, other legal aid schemes, contingent fee agreements and pro bono services also lend their efforts in filling the justice gap. Nevertheless, the models have not managed to attain the huge requirement of affordable legal representation.
Why This Principle Matters for Society
The society becomes unfair and unjust in case only the rich may afford to execute their rights. When the right of equal access to lawful remedies is upheld, the rule of law becomes strong, the democratic ideals are upheld, and ethical conduct is encouraged to corporations and individuals.
Conclusion
Equity is not a luxury that the rich can enjoy. It does not matter if we have to pursue our goals through litigation finance, legal help, or reasonable justice reforms; we will have to keep on working towards a legal system that upholds the rights of all people and is not biased by financial ability. Since legal rights are not supposed to be based on monetary power, but they are supposed to be based on the truth.