Balancing the budget at the firm is not the easiest thing to manage, especially when there is a big chunk of the resources potentially tied up in a large case. Litigation funding can be the ideal solution when it comes to raising the capital you need to continue the fight. Whether you are the law firm or the plaintiff/defendant, lawsuit funding can be the ideal way to stay in the fight.
Is It Right for You?
Like with every decision you do want to balance out the good and the bad. Here are some of the pros:
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Litigation financing can help you manage your case with more confidence. When the threat of running out of money to fight your case is not looming, the focus can stay on the case.
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It can improve your access to resources like expert witnesses. With the right funding package money does not have to be the primary motivating factor when making decisions about the case. Far too many times litigants must make tough choices between using all the resources available or conserving resources by cutting out some of the potential options that could sway the case in their favor.
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There is less risk involved to personal finances for the litigant and frim finances for the law firm.
The Cons
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It is not a free service, you will have to pay the money back, but in making the choice you shore up the potential for a win.
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Not every firm can be trusted, you do want to choose a firm that is reputable and that has a history of providing funding in good faith.
Figuring out if litigation funding is the right solution for your case can be as simple as a phone call to one of the most reputable financing firms. Bentham IMF can help you to decide whether it is right for you!
