Third-Party Litigation Funding can help attorneys and clients get results.
Litigation process is often expensive. Some clients cannot afford litigation costs due to various reasons. In this case, litigation funding can pay substantial costs of pursuing a lawsuit from complaint to judgment.
Litigation financing can have similar benefits for attorneys. It provides them greater flexibility. It concerns the cases they take and the way they provide representation.
Meanwhile, it is important for lawyers to understand how to manage a litigation financing transaction. The general advice for a lawyer is not to become part of the loan process when suggesting to a client where he may try to get financial help for individual needs. The lawyer also needs to be careful about providing a litigation finance company with information or opinions about the prospects of the client’s case.
Read full article at Litigationfinancejournal.com
Summarized by Natalia Tsar.