Why Choose Litigation Financing?
Litigation finance offers capital to clients involved in litigation and unlocks the value of legal claims. By supplying capital before a client’s case is settled, litigation finance provides a means to secure value from litigation assets and litigation practices.
Benefits of Litigation Finance:
- Maximize value. With the help of litigation financing, clients can assess the viability of their claims and maximize their potential profits. Additional funding from litigation financing could translate to crucial insight for claimants about their claims, hiring top-flight counsel, and dodging lowball settlement offers.
- Engage with top-tier counsel. With the help of litigation financing, clients can hire the best counsel while still maintaining capital to meet immediate business demands. Also, ongoing litigation costs will not be on their bottom line, helping to mitigate adverse results.
- Leveling out the legal system. Innumerable costs and fees often accompany litigation. The expenses of litigation can quickly pile up. Individuals seeking to pursue a viable claim need capital. Without the help of third-party funding, many legal claims would be abandoned or settled for pennies on the dollar. Through litigation financing, claimants have the necessary means to pursue litigation and, thus, be made whole again.
- More than funding. Financers can provide background experiences and open the door to a network of legal experts. These nonfiscal benefits can aid clients when confronting their adversaries.
Litigation finance offers opportunities to those who would otherwise be unable to pursue their claims by mitigating the levels of risk and offering experienced solutions. With the help of third-party funding, claimants can focus on pressing business needs, gain access to top-tier counsel, and avoid uncharacteristically low settlements. In short, litigation finance levels out the legal playing field.
Topics: litigation, litigation finance, benefits, third-party funding
Works Cited:
Andrew Lundberg, INSIGHT: Litigation Finance in a Down Economy Benefits Lawyers, Clients
Alike Bloomberg News (2020), https://news.bloomberglaw.com/us-law-week/insight-litigation-finance-in-a-down-economy-benefits-lawyers-clients-alike (last visited Jun 9, 2020).
Mary Ellen Egan, Other People’s Money: Rise of litigation finance companies raises legal and
ethical concerns ABA Journal (2018), https://www.abajournal.com/magazine/article/litigation_finance_legal_ethical_concerns (last visited Jun 9, 2020).
TownCenter Partners LLC, TownCenter Partners LLC,
https://yourtcp.com/lit-finance-101.html#:~:text=Litigation financing therefore promotes recoveries, is not limited to plaintiffs. (last visited Jun 9, 2020).