Making Better Decisions for Litigation Funding is the Need of the Hour
Do you know more than 50% lawyers prefer using litigation finance services in US and UK? Is litigation funding a must-have for legal system to give risk-free environment to lawyers and the clients? Is it right to say that third party funding promotes access to justice? Don’t know criteria to select a litigation financing case? Confused whether legal funds can be provided for personal injury or commercial purpose or both? If these questions just made way to the cavities of your mind, you are at the right place to explore their answers.
The need of legal financing solutions is increasing with every passing day. It is a process in which a third party funding company takes care of all legal costs of a law firm, expecting a percentage of share obtained by the litigant only after the complete settlement of the case. However, the party loses all its money when the final verdict falls against the case. As legal funding is risky and could cost heavy amount to the funder, it is essential to have plenty of satisfactory qualities in the litigant’s case.
Though litigation financing is a boon to legal industry, 56% lawyers find the funding process time consuming and decide not to indulge in this cumbersome scheme. However the benefits of the legal financing have made it an ultimate pick for legal professionals and law firms these days. Over the years, it has become easier to find a funding agency and sort out ethical issues in litigation funding. A lawyer finds it reasonable to choose a funder who demonstrates readily available funds and is really quick at decision making.
There is a lot to learn about litigation financing and ethical issues. All who participated at the Global Legal ConfEx found answers to ‘what’, ‘why’, ‘when’, ‘where’ and ‘how’ of litigation funding.
Events 4 Sure successfully managed the Global Legal ConfEx in London on 09 September 2015, an event presented by Propero Partners and organized by Global Outsourcing Association of Lawyer (GOAL). This event acted as the ideal platform to promote the welfare, interests, education and professional development of all legal professionals who are directly or indirectly associated with the legal industry.