What is legal funding?
In a nutshell: legal funding is not a loan.
Many people choose not to file lawsuits solely due to their limited finances. Litigations can be expensive, and supporting a family or a business while also receiving medical treatment or fighting costly litigation can result in huge bills and losses. The global legal funding industry, or the lawsuit financing sector, is a group of companies offering programs to finance expenditures by plaintiffs engaged in personal injury cases, other civil nature lawsuits, or institutional litigations. Legal funding is a non-recourse financial solution for plaintiffs and attorneys. Legal financing provides you with a cash advance on your legal settlement. It alleviates the financial burden that comes from litigation. In short, it allows you to pay general living costs while you approach the court and seek redressal for the wrongs that occurred to you.