If you are an attorney looking to pay for high litigation costs or a plaintiff who needs to pay bills, then you understand that without the cash flow to pursue wealthy corporate defendants, you could end up settling for less than your claim’s fair value. These defendants are aware that lengthy, protracted litigation can drain plaintiffs financially until they either accept a low settlement offer or drop the claim altogether. Only recently have attorneys been able to secure funding themselves and for plaintiffs to assist them in seeing a case through. Unfortunately, traditional lending institutions do not see potential legal awards as assets and thus do not provide lawsuit loans. This leaves a void for some funds which are inadequately capitalized to dabble into lawsuit funding. Ultimately, traditional lenders cannot offer long-term financing to bring a case to its proper conclusion.
