Are you an attorney currently in the middle of an extended trial? If so, you’re well aware of how financially demanding a lengthy trial can be for you. Some lawsuits seem to linger on forever, costing you thousands of dollars. In the past, funding options, such as bank loans, were scarce. Not only are these cumbersome, but they can charge high interest rates as well. In recent years, an exciting new source of funding for lawyers has emerged—litigation funding. Here’s how litigation funding can help attorneys.
You Can Get Rid Of Financial Worries
Here’s a scenario that you’ve probably encountered before:
- A client files a personal injury lawsuit.
- You prepare your case and wait for trial.
- The case stalls, putting a significant financial strain on you and your client.
- Your client pulls out of the case prematurely, costing you thousands of dollars worth of wasted effort.
Situations like this happen all the time, unfortunately. The great thing about litigation funding is that it takes away that financial strain. You can also take out a loan with a legal funding company. This way, you don’t have to worry about any costs while waiting for your case to resolve.
With the way litigation funding can help attorneys, you can finally see each case out to its rightful end without backing out due to financial woes. Using legal funding can drastically improve your success rate as a lawyer. After all, the most crucial thing you need as an attorney is time.
It Benefits Your Clients
A settlement doesn’t appear overnight, and the injured party has lots of bills. Moreover, they aren’t able to work due to their injury, leading expenses to pile up. That’s why many clients backed out of their personal injury cases because of their costs in the past.
However, with litigation funding, your clients will also reap benefits. They can apply to obtain a pre-settlement cash advance to access a portion of their settlement before trial. This helps cover their expenses in the meantime instead of slipping into debt.
Finding the Right Legal Funding Company
At Apogee Capital Partners, we provide superior lawsuit funding for attorneys so that you can pursue each client’s case without hesitation or fear of financial strain. Contact us today to learn more about our funding process and how to acquire an adequate amount per trial.
