Medical Malpractice

The expenses involved in litigation and other court procedures can be overwhelming. Plaintiffs pursuing litigation require a strong financial backup. A good lawyer charges high fees, to represent a case. A victim of personal injury is faced with growing medical expenses. Such people frequently opt for out of court settlements and receive very little compensation. Litigation financing comes to the rescue of people who wish to fight their case, but lack the means to do so. There are litigation financing companies that offer loans in the form of cash advance to plaintiffs, attorneys and law firms, to take care of litigation expenses.

Financial companies offer litigation financing for various cases, such as personal injury, malpractice and accidents. In case the settlement is delayed after the case is resolved, the plaintiffs can easily procure post-settlement, short- term loans.

Most of the time, plaintiffs are put in contact with a litigation financing company through their attorneys. For ethical reasons, an attorney is not allowed to provide finance to the plaintiff. An attorney also cannot borrow money from a financial company to pay his client's litigation expenses. When the case is successfully settled, the attorney gets his fees on a contingency basis. The litigation financing company purchases a part of the settlement charges.

It is possible for plaintiffs to obtain loans from online litigation financial companies. The litigation company first evaluates the case of the plaintiff, before approving a cash advance. The financing company then determines the amount of the loan to be sanctioned, after the evaluation of the case. The financing company purchases a part of the estimated settlement the plaintiff is expected to receive, after the case is settled.

The company offers the cash advance on a non-recourse basis. The plaintiffs are expected to repay the loan amount only if the case is resolved successfully.