Litigation Funding For Lawyers

For lawyers involved in a legal dispute, it can be heartbreaking to abandon a client with a meritorious case or strong defense simply because a client cannot afford to pay the costs of litigation. In more liberal markets, such as the United States, it is possible to fund a client´s case and then to potentially recover the amounts via contingency fees, although this requires having considerable amounts set aside to cover lost income and can make it difficult to maintain cashflow at sufficient levels to cover expenses. More recently, specialized companies have offered what they call litigation funding for lawyers, constituting primarily of loans, often with significant interest. The options for litigation funding for lawyers were limited, however, so it was better to simply drop a client who could not pay for their case, while encouraging them to seek assistance elsewhere, if the lost revenue over the duration of a case made keeping a client impossible.

Today, instead of seeking litigation funding for lawyers to bring a case, it is possible to help your client set up a litigation funding campaign to bring their case instead, at no cost to you and no cost to your client. Your client has nothing to lose, since crowdfunding their case costs nothing. Lawyers can help their clients to set up a litigation funding campaign at no cost, and they can contribute to the success of the litigation funding campaign by answering questions concerning it to potential contributors. Regardless of the amount in dispute, having a lawyer by their side will help litigants obtain funding for their case via Invest4Justice, since the presence of a lawyer shows that a case is serious.

Lawyers can register on Invest4Justice for free, and they can even set up the litigation crowdfunding campaign of their client with their client´s consent. There is nothing unethical about helping others to access justice, and to the contrary we would argue that enabling a litigant to crowdfund the prosecution of their case or the defense of it is a worthy act, and your client will be eternally grateful if the litigation crowdfunding campaign is a success. Approximately half of crowdfunding campaigns are a success, but there are a number of steps you can take to increase the chance of your client´s success.

You and your client have nothing lose, since using Invest4Justice costs nothing, and if a litigation crowdfunding campaign does not succeed, no one pays anything, including contributors, whose pre-authorized contributions are simply cancelled when a case is withdrawn. If you later obtain litigation funding on good terms, then you can also cancel the litigation crowdfunding campaign with your client´s consent, since until 100% of a case´s costs have been raised, a client is free to halt their litigation crowdfunding campaign.

In short, before considering litigation funding for lawyers, consider helping your client to crowdfund their meritorious case at no cost. If you would like to learn more about how Invest4Justice works, please contact us and we would be glad to explain, but we promise you that it´s a great tool for lawyers who would like to assist their client in seeing their case through to its end, as well as a great tool for lawyers who are involved in cases fighting for specific legal rights.

– Invest4Justice

 

 

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