Small Law Firms can fund complex litigation with a complex litigation loan from pre-settlement financiers like Tribeca Lawsuit Loans.
The lengthy process of complex litigation usually takes years before the settlement is reached. The process is long because complex litigations are not straight forward lawsuits like real estate or commercial law cases. It involves multiple parties over potentially multiple jurisdictions and on top of that, a lot of money is at stake. These litigations can take a lot longer than anticipated and can have an impact on your financial situation. It is important to plan ahead and make sure your litigation does not come to an early end because of financial limitations. This is where Tribeca Lawsuit Loans will step with litigation funding to support you all the way.
What Is Litigation Funding?
Litigation Funding is financial support to cover litigation costs. The loan is more of an investment by a pre-settlement loan company as they will only see a return when you reach a settlement. This non-recourse structure literally means that in the event you do not win your case, the client will not have to repay the financier. These pre-settlement loan companies do not get involved in the legal proceedings, but essentially cover all your litigation costs until the end of the trial.
How Do They Assess My Case for Litigation Funding?
The pre-settlement loans company wants to secure a good investment, thus they will be looking at criteria that will influence the risk profile of the case. Firstly, there should be solid evidence backing up the legal case, as legal lending companies do not want a lawsuit that ends up in “he-said-she-said” scenarios. Secondly, the legal theory to argue the case should be sound, with historical backing, preferably with a multitude of alternative legal theories to be available as well. Also having a good track record will be highly beneficial to gain the trust of a legal funding company, like Tribeca Lawsuit Loans, to support you with litigation funding. Tribeca Lawsuit Loans will assess each case individually to give your small law firm the litigation funding it needs to continue fighting the legal battle for your client.
Where Does the Money Come From?
Dedicated litigation funders are mostly private entities with just a few public listed companies. Hedge funds or asset management companies with a diverse investment strategy approach are also known to fund litigation procedures, these are multi-strategy funders. Then you also have the Ad Hoc funders, they do not advertise, but every so often will take on a litigation lawsuit.
These ad hoc funders could be hedge funds, wealthy families, or another type of asset management firm.
How Fast Can I Get Complex Litigation Funding?
Tribeca Lawsuit Loans has a quick turn over when assessing applications. We have years of experience in funding complex litigations. And can deal with legal funding over $2 million. Small law firms facing a complex litigation lawsuit who do not have the funds to continue, can get a cash advance within 24 hours at Tribeca Lawsuit Loan.
Call us now on 866-388-2288 or fill out the online form.