Legal battles can be incredibly expensive and emotionally taxing, especially when plaintiffs do not have the necessary financial resources to see their case through to the end. This financial pressure often forces individuals to settle for a lower amount than they deserve just to cover the costs of their ongoing litigation. However, litigation financing offers an alternative, enabling plaintiffs to access the funds they need to continue their case and level the playing field with well-funded defendants. In this blog post, we will explore how litigation financing can help plaintiffs secure the financial resources they need and give them a fair chance in the courtroom.

What is Litigation Financing?

Litigation financing, also known as lawsuit funding or legal funding, refers to an agreement in which a third-party funding company provides financial assistance to a plaintiff involved in a lawsuit. In exchange for providing this funding, the financing company typically receives a portion of the settlement or judgment if the case is successful. It is important to note that litigation financing is non-recourse, meaning the plaintiff does not have to repay the funds if they lose the case. This financial product is designed to alleviate the financial burden of legal fees, living expenses, and other associated costs that plaintiffs often face during litigation.

How Does Litigation Financing Level the Playing Field?

Many plaintiffs find themselves at a significant disadvantage when fighting against well-resourced defendants, including large corporations or insurance companies that can afford to prolong litigation or employ aggressive legal strategies. These defendants can often outspend the plaintiff, leading to an unequal playing field. This disparity often forces plaintiffs to accept settlements that are far less than what they deserve simply to cover their mounting legal costs. Litigation financing helps eliminate this issue by providing plaintiffs with the funds they need to continue their legal battle without the pressure to settle prematurely.

Access to Equal Resources

One of the most significant benefits of litigation financing is that it allows plaintiffs to access the same level of resources as their well-funded adversaries. Legal battles can be incredibly costly, especially in cases that require expert witnesses, legal research, or complex litigation strategies. For plaintiffs who do not have the financial means to cover these costs, litigation financing offers a lifeline. By securing funding, plaintiffs can hire the best legal representation, access necessary resources, and avoid being outspent by the defendant’s legal team. This access to equal resources ensures that the plaintiff can focus on the merits of the case, not financial constraints.

- WHAT CLIENTS ARE SAYING -

In June, my wife and I asked our attorney about giving us a loan against any settlement proceeds from our case. He told us that the state bar does not

permit lawyers to participate in the financing of clients. The offer of settlement was very low so the case needed to be filed in court. I called Fast Funds. Within 24 hours, I had entered into an agreement with them, selling a very small portion of the anticipated proceeds to them in exchange for immediate financing. Now my suit is in court and I don't have to worry about money until it's outcome. Thank god for Fast Funds

B.G.

As a result of the advances you have made to our client, we were able to refuse an extremely low settlement offer and take the case to court. We settled the day of the trial for a very generous sum. Had there been no advances by Fast Funds, our client would have had no choice but to accept the inadequate offer since he was in severe debt due to his inability to work. Thank you for your helpful assistance in providing our client with the ability to persevere.

C.F.

I was involved in an accident which took my left leg. I was forced to live homeless for eleven months. Thanks to the Fast Funds people advancing money. I now live in an apartment,I am walking on a prosthetic and otherwise getting my life back together, even though my attorney has not yet settled my lawsuit. I don't know what I would have done for money because the insurance company has offered nothing so far.

A.R.S.

I was involved in an auto accident which caused me to suffer a herniated disc. Because of this injury, I was forced to miss many months of work. I had no income and no place or person to turn to for money. My attorney told me he was unable to help with any financing and the insurance company was refusing to settle the case. I turned to a company called Fast funds. They immediately reviewed my file and took the financial pressure off by providing me with interim financing. I am now able to wait for as long as it takes for my lawyer to achieve a successful result in my case. Without the financial involvement of Fast Funds, I don't know what I would have done.

K.P.

I wanted to thank you for your sensitivity in helping me cope through a very difficult time in my life. Without your help, I would have been unable to pay my rent , forcing my wife and children to be put on the street. I have not been able to return to work and I was tempted to accept the insurance company's very low offer to settle, even though I knew it was not fair or reasonable. You have given me the ability to withstand the financial pressures. Thanks for your help. I will never forget it

C.S.

I have in the past referred clients to Fast Funds Inc., a non-recourse company. The experience of my clients

and my firm were totally positive. Fast Funds was responsive to the clients financial and emotional needs, provided the necessary emergency money and did not interfere in any manner with my handling of the cases. The clients, without my input, negotiated the advance directly with the company. In each case, they were completely satisfied with the final result of the case, including the amount of profit earned by Fast Funds. Non-recourse funding is clearly a valuable tool to the plaintiff's attorney.

M.J.L.

"I am writing to recommend the valuable assistance of the Fast Funds Inc., a company that provided interim funding to financially needy clients. They help to insure that a case will be brought to a successful resolution. A good case in point is when I was offered $75,000.00 for a seriously injured client. Had she not been able to take advantage of the advance financing offered by Fast Funds, I would have been forced to take the money. As it turned out, because my client now had the financial ability to withstand the pressures of time, I tried the case to a jury and received a verdict of $315,000.00.

M.S.D.

It is my belief that non-recourse companies, such as Fast Funds, the company to whom I refer my needy clients, perform an invaluable service to both the client and the attorney. Simply put, it is common knowledge that one of the tools negotiation utilized by insurance companies is time. Offering

considerably less money than the actual case value to a client in desperate need of funds while the case is pending, gives the insurance companies a tremendous advantage. This advantage is minimized and the playing field is leveled when the client has the ability to obtain funds for a minimal portion of the anticipated proceeds. Many times, with no prospects of income, an injured party will settle the case for whatever offer is made.

R.J.F.

Avoiding Premature Settlements

In many cases, plaintiffs feel pressured to settle their case quickly because they simply cannot afford the ongoing costs of litigation. Defendants often take advantage of this financial pressure, offering settlements that are much lower than what the plaintiff is entitled to. Litigation financing eliminates this pressure by providing the plaintiff with the funds necessary to continue the case for as long as needed. This allows plaintiffs to hold out for a fair settlement or go to trial if that is in their best interest. In essence, litigation financing ensures that plaintiffs are not forced to make decisions based on financial hardship, but rather on the strength of their case.

Leveling the Playing Field Against Large Corporations

Large corporations and insurance companies often have virtually unlimited financial resources to draw from when defending themselves in a lawsuit. These companies can afford to prolong litigation, delay the trial, and use expensive legal tactics to wear down plaintiffs. Without litigation financing, many plaintiffs would be unable to keep up with these tactics and would ultimately be forced to settle for less than what they deserve. Litigation financing helps level the playing field by providing plaintiffs with the resources to continue their fight, ensuring that the case is decided on its merits, not the financial power of the defendant.

Enhanced Legal Strategy

With litigation financing, plaintiffs can retain the best possible legal team and experts for their case. This can significantly improve the chances of success, especially in complex or high-stakes lawsuits. When plaintiffs are not burdened by financial constraints, they can afford to hire experienced attorneys, consult expert witnesses, and develop the most effective legal strategy possible. In turn, this increases the likelihood of achieving a favorable outcome in court or securing a higher settlement offer. The financial support from litigation financing ensures that plaintiffs are not at a disadvantage when it comes to building a strong case.

The Impact of Litigation Financing on Legal Outcomes

While litigation financing does not guarantee a win, studies and case reports show that it can have a significant impact on the outcome of a case. Plaintiffs who have access to litigation financing are more likely to achieve higher settlements, win their cases, or receive a fair trial. This is because they are no longer forced to make compromises based on financial limitations. Instead, they can focus on building a solid legal strategy and pursuing justice without the constant worry of running out of funds.

When Should You Consider Litigation Financing?

Litigation financing is a valuable tool for plaintiffs who find themselves in need of financial support during a legal battle. It is particularly beneficial when:

You are facing a lengthy or expensive legal battle and need funds to cover the costs.
You are being pressured to settle quickly due to the financial strain of ongoing litigation.
You are up against a well-funded defendant, such as a large corporation or insurance company.
You want to ensure that your legal team has the resources they need to build a strong case.

If you find yourself in any of these situations, litigation financing could be the solution you need to level the playing field and ensure that your case is not compromised by financial pressures.

Is Litigation Financing Right for You?

While litigation financing can be an invaluable resource for many plaintiffs, it is important to carefully consider whether it is the right choice for your specific situation. Litigation financing companies typically charge a fee or take a percentage of the settlement or judgment, which can vary depending on the amount of funding provided and the length of the litigation. As such, plaintiffs should assess how much they are willing to pay back and whether the benefits of securing funding outweigh the costs. Consulting with an experienced attorney can help you determine if litigation financing is a good fit for your case.

Litigation financing plays a critical role in helping plaintiffs navigate the financial challenges of legal battles. By providing access to the necessary resources, it ensures that plaintiffs can continue their fight for justice without being forced into premature settlements. Whether you are facing a lengthy personal injury lawsuit, a commercial dispute, or any other type of case, litigation financing can level the playing field and give you a fair chance in the courtroom. If you are considering litigation financing, Fast Funds, Inc. offers a variety of funding options to support you throughout your legal journey. Contact us today for a free consultation and see if litigation financing is right for your case.

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Litigation Funding

How Litigation Financing Can Help Level the Playing Field in Your Case