Making money and raising funds are some of the biggest challenges of bringing forth a lawsuit, and they only become more difficult when medical malpractice is involved. A medical malpractice lawsuit can entail the plaintiff being unable to work or otherwise bring in money, and quite often, they can last for months or even years. In this event, the attorney and their client need to pursue alternate routes to raising cash and paying bills while the case goes on, such as plaintiff lawsuit funding. Here’s how litigation funding helps medical malpractice plaintiffs.
They Can Receive Medical Care To Possibly Reverse the Injury
When the plaintiff experiences medical malpractice, the clock is ticking on repairing the damage done. While the body is a remarkable machine that can perform great acts of self-repair, some things can’t be fixed by sitting tight. A plaintiff or client will need money if their injury requires corrective or other surgery to prevent their health from taking a downturn or experiencing further or irreparable damage. Waiting for a settlement that’s still years down the line is out of the question.
They Can Pay the Bills Even if They’re Laid Up
When the plaintiff receives litigation funding, they borrow money on a future settlement. If they don’t win, they don’t need to pay it back, but if they do win, a percentage of the settlement goes to the lender. If the circumstances are right, this can be quite beneficial because the plaintiff can take care of mounting expenses and ensure their credit rating remains untouched.
Funding Helps the Plaintiff Hold a Stronger Position
Here’s another way that litigation funding helps medical malpractice plaintiffs—the insurance company and lawyers on the other side will often push for a smaller settlement, usually because they know the plaintiff might be desperate to take whatever they can get. With funding, the plaintiff can hold firm, pursue the case, and wait for a more justified and satisfactory settlement.
Funding Means It’s More Likely the Plaintiff Will Win
Attorneys and litigation funding companies have a lot of experience in the courtroom and are knowledgeable about the ins and outs of medical malpractice lawsuits. As such, they can usually tell when a plaintiff has a good or rock-solid case that will end with a worthwhile settlement. In short, if the company won’t offer the plaintiff lawsuit funding, they’re not likely to win. But if they do, the plaintiff can feel more confident that the case will end in their favor!