What is legal funding?
Many people choose not to file lawsuits solely due to limited finances available to them. Litigations can be expensive, and supporting a family or a business while also receiving medical treatment or fighting expensive litigation can result in huge bills and loss. The global legal funding industry, or the lawsuit financing sector, is a group of companies offering programs to finance expenditures by plaintiffs engaged in personal injury cases, other civil nature lawsuits, or institutional litigations. Legal funding programs are cash advances against settlements or judgments that alleviate plaintiffs from financial distress. Legal financing enables people with genuine grievances to approach the court and seek redressal for the wrongs that occurred to them.