Litigation financing, or litigation funding, is a financial arrangement in which a funder provides funding to a plaintiff in a lawsuit. The funder agrees to pay the plaintiff’s legal fees and other expenses in exchange for a share of any settlement or award the plaintiff receives.
Litigation funding is a non-recourse loan. This means the funder only gets repaid if the plaintiff wins the case. If the plaintiff loses, the funder does not get repaid. This makes litigation financing a relatively low-risk investment for the funder and a valuable resource for plaintiffs who don’t have the financial resources to pursue a lawsuit on their own.
If you are considering getting into a litigation list of algeria whatsapp phone numbers funding agreement, here’s what you should know.
Why is Litigation Funding Essential?
Litigation funding is essential for you for a number of reasons, including:
It helps to equalize access to justice.
If you find yourself in a lawsuit and unable to afford to pursue it, even if you have a strong case, litigation funding might be of great help.
Litigation funding can help to level the playing field between plaintiffs and defendants.
It allows you to focus on your case.
Litigation can be stressful and time-consuming. Financial worries can add to this stress. Litigation funding can help to reduce your financial worries so you can focus on your case and get the best possible outcome.