What is Lawsuit Funding

Lawsuit funding is money that pays for legal expenses. Some lawsuit funding is given in the form of a cash advance to cover court and attorney fees as well as any other expenses you may have over the duration of the case. There are companies who specialise in providing lawsuit funding cash advances, and when you fill out a simple form detailing why you are seeking damages, they will explain the process to you without too much legalese – most of these companies will also provide you with a list of attornies who are qualified to deal with your case.

If you win your case for damages then your attorney will pay the lawsuit funding company a pre-agreed flat fee from the proceeds of the case, and the rest of the compensation will be yours. Should you not be awarded compensation, even on appeal, then your attorney will not be required to pay the company any money and neither will you. There is virtually no personal risk to you when you accept lawsuit funding, but if the case goes on for too long, as sometimes happens, then the attorney will have to pay the company the greater part of any compensation you are awarded.