How Litigation Finance Is Changing Access to Justice
When it comes to pursuing a lawsuit, one major worry that comes to the mind of individuals and businesses with a strong legal claim is the cost involved. Court is costly. The court filing, the discovery costs, expert witnesses, and lawyer fees can easily add up which in some cases make justice feel inaccessible.
What would happen though, what would happen though, if you did not have to pay up front? What would happen when you could have someone to shoulder the financial responsibility, and you could just concentrate on the winnings of your case? It is the role of litigation finance.
What Is Litigation Finance?
The process of Litigation finance (legal funding) involves a financial structure in which a third party, typically a specialized funder, advances the litigation expenses of a lawsuit on a contingent basis, typically in exchange of a share of the recovery, in case of a victory.
Not a loan. In the event you lose the case, you are not obliged to pay anything. The model is becoming more common throughout commercial litigation, class actions, arbitration and even individual claims such as personal injury or employment claims.
Leveling the Legal Playing Field
Litigation finance helps plaintiffs, be it individuals or companies, to proceed with legitimate claims without feeling the burden of finance. It also in most instances assists smaller players to challenge much larger opponents in most instances who have deep pockets.
To companies, it entails unlocking working capital as opposed to locking away funds in lawsuits. To individuals, it can entail the ability to fight back, at last.
What Costs Can Be Covered?
Litigation funders may cover:
- Attorney’s fees
- Court and filing fees
- Expert witness and consultant costs
- Discovery and document review expenses
- Appeal costs (if applicable)
In some cases, operational costs related to the dispute can also be covered.
Who Qualifies for Litigation Finance?
The decision about funding is normally made on the basis of strength and the possible worth of the case and not the financial background of the client personally or in business. A litigation finance funder will access:
- Legal merit
- Estimated damages or recovery
- Legal team and jurisdiction
- Likelihood of successful resolution
If your case is strong and the economics make sense, there’s a good chance you can get funding.
Benefits of Litigation Finance
- No upfront costs
- Risk-free – you pay nothing if the case is lost
- Preserve your capital – especially important for businesses
- Access high-quality legal representation
- Take pressure off while you focus on the outcome
We’ve Got Your Back
We are of the opinion that no one should be left to walk away because of cost. We represent individuals with a strong claim or companies in complex litigation to help take down the financial roadblocks to a law suit. When you fund your case with our litigation finance services, you do not need to decide whether to defend your rights or your bank account.
