Why is Litigation Funding important?

Legal disputes often imply having to cope with lengthy and expensive legal proceedings. Crowdfunding your litigation is an innovative way to allow yourself to bring your case to court without worrying over draining your financial resources. It also gives the opportunity to others to make money while you are given access to justice. To put it simply; if you are an investor and a case turns out to be successful and the plaintiff receives compensation, parts of the proceeds are redistributed to you as promised by the plaintiff. However, litigation funding is not solely profitable and it is not always suitable to every case.

In most cases, litigation funding appears attractive because a person can call out for financial assistance without having to take a loan and get in debt. Third-party funders are mostly known as being professionals or even companies that invest in commercial legal disputes. They take on cases that display “sufficient merrits”. In the same way but also in distinction to third-party funding campanies, Invest4Justice offers an online platform where litigants can display their claim and acts as a network that puts in contact litigants and investors. And it does not only support and host large cases, it also allows small disputes to be funded as long as they are proven to be legitimate.

Litigation funding is becoming more and more popular but how can you know that it is suitable for your case? How can litigation crowdfunding platforms such as Invest4Justice be used effectively?

No matter where your legal dispute is located, you can contact our legal team at admin@invest4justice.com and if you do not have a lawyer, we will advise you on whether your case is suitable for litigation crowdfunding. Surely, the best way to make sure it to consult with your lawyer to see if your case fits and assess its chances of success. If the litigation fails, you won’t have to pay your investors back but they will not earn any money so it is important to get feedback from your lawyer or a legal counsel. If you do not have a strong Internet network that could ensure your litigation to be funded in a short amount of time, you will also need to put efforts in marketing your case. Hence it is important you show that you believe in your case, since it is primordial to make people believe in it too. Your investors will support your cause for various reasons: because they have faith or believe in your claim or they simply want to earn money. Lastly, a critical point to keep in mind, they do not have any control over the outcome and cannot under any circumstance be involved in your case.

There are many reasons why plaintiffs contemplate to use litigation funding services:

• Plaintiffs do not want to spend their own money


• Plaintiffs do not have money to bring their case forward


• Plaintiffs do not have enough money to continue their legal proceedings or appeal

Good luck!

 

Why is Litigation Funding important?