After writing a compelling essay on whether litigation financing increases access to justice, Joshua Victor has been awarded the Tribeca Capital Group Scholarship for 2021. The world of lawsuit lending is complex, and Victor discussed three obstacles he believes can hinder the equitable use of lawsuit loans when pursuing justice.
“It causes bias among lawyers…, may lead to misjudged cases, and may lead to those who deserve justice not getting full justice,” he wrote. Specifically, Victor envisioned moneyed interests influencing the outcome of a case, enticing undue conduct from the attorneys, and potentially taking a majority of the claimant’s compensation.
Josh Victor knows a lot about these issues. As a current economics student at the University of Pittsburgh, he plans on pursuing a law degree in the coming years. In an interview with a representative of Tribeca Capital Group, he outlined his future plans. “Eventually, I want to be an international lawyer,” he said. “Maybe work at an international court.”
Pursuing the upholding of human rights and social justice is a noble cause, and it’s one that aligns perfectly with Tribeca’s mission. Our vision for the scholarship was to:
- Learn more about how to use litigation financing to expand access to justice
- Assist a student with their education
- Spread awareness about ethical lawsuit lending practices and the dangers of bad actors
As opposed to the types of funding Victor warns against in his winning essay, Tribeca does not require repayment if the plaintiff loses their case. We also charge the lowest possible simple interest rates to ensure that plaintiffs who need financial assistance can get it without risk.
We know that Josh Victor will use this scholarship to pursue his law dreams, and we wish him the best of luck in the coming semester at the University of Pittsburgh.
You can read Josh’s winning essay by clicking this link.