It occurs to me that I have, at this location, explained the cases that lawsuit funding can and should be used for, but that, maybe, I have not adequately explained the strategy behind the use of the service. Lawsuit Funding, Legal Finance, Pre Settlement Funding, Litigation Funding, Lawsuit Financing, Personal Injury cash Advance, or whatever you wish to call it, is a method of providing needed cash to pending litigation plaintiffs to provide staying power to wait out the lengthy legal process and get maximum value for their personal injury case. Why is this an important tool? Because a financially desperate plaintiff is not a positive influence on settlement negotiations.
The core purpose of legal funding should be to improve case results by removing the plaintiff’s financial incentive to settle early and cheap. Insurance companies have three very valuable things that most plaintiffs lack:
Time is used strategically by insurance companies; they “delay, deny, confuse and refuse” and use the lengthy process to their advantage to “starve” a needy plaintiff into a lower-than-full-value settlement. If an offer is made in a time a significant financial need (like when the plaintiff is behind on mortgage, car or health insurance payments), it is likely to be considered or accepted by the desperate plaintiff. In most states, an attorney is in a conflict of interest situation when it comes to loaning money to his/her client. Lawsuit Financial has a “hands off” policy when it comes to the handling of the case; we do not involve ourselves in the case in any way except to perfect a lien on the proceeds, if the case concludes successfully. Strategic litigation decisions are between attorney and client; attorneys will never find themselves answering to Lawsuit Financial. Thus, participation in our lawsuit finance program will not have any effect on the attorney-client relationship.
Clients can often receive funds within 24 hours of the application; it is easy to apply, online or by telephone, with one of our friendly para-professional lawsuit funding representatives. The attorney provides minimal case documentation; the documentation is reviewed by us, and, if an advance is approved, a contract is submitted for signature. We can usually have needed cash in a plaintiff’s hands with 24 hours. Remember the plaintiff pays us nothing if the case is not resolved in the client’s favor.
Life’s obligations do not stop because of an accident. Lawsuit Financial is committed to keeping the client’s valuable assets safe, while giving the attorney the time he/she needs to get a case-appropriate settlement. Strategic timing is the key; the right legal finance at the right time will produce additional case revenue for both attorney and client and the advance could, very likely, pay for itself out of proceeds it has made possible. If you have any questions about the appropriate and/or strategic use of litigation funding, automobile accident lawsuit funding, or any other type of personal injury accident lawsuit funding, please do not hesitate to call Lawsuit Financial, toll free, at 1-877-377-SUIT (7848) for a free, no obligation, consultation.