Do You Need A Class Action Lawsuit Loan?
Class Action Lawsuits are big business. This information comes straight from Stanford. As of right now there is over 98 billion awarded in class action from 1996 to YTD. The most frequently sued sector is Technology followed by Services, Financial, and Healthcare. The most frequently sued industry is the Biotechnology & Drugs followed by Software & Programming, Investment Services and Communication Equipment.
Along with that class action lawsuits usually take many years to complete. With that being said it is hard on both attorneys and plaintiffs. With attorneys, they are usually working on a contingency basis because most plaintiffs do not have the money to pay for the billing of a class action attorney. Mass tort lawyers are the one paying for experts and flying them into court. The attorneys are the ones drafting the complaint reviewing the case-law, the evidence and other parts of the case. With the plaintiffs they are the ones that may be having a hard time with bills at home due to the complaint. They might not be able to work because of the lawsuit or even they might be having a hard time with their medical bills.
With all of this happening it is hard not for lawyers and plaintiffs to accept low ball settlements that come their way for the most part when the defense has deep pockets to let this go on. Especially when these type of cases can take longer than many other types of lawsuits.
This is why Verum Funding offers Class Action Lawsuit Loans
In addition to our commercial litigation funding, Verum Funding now offers class action lawsuit loans. The class action lawsuit loans also know as mass tort financing with Verum can now get funding to the law firm that is needed, so you no longer have to wait months or years for the final settlement. If you have older cases in your portfolio you can use these to take on new cases, pay for experts, support payroll, advertisement, filing fees and more. Most of the time the success of a class action litigation lawsuit requires millions of dollars. To make things even worse this is before an attorney or plaintiff receives a penny. Along with this class action lawsuits can take many years to become successful.
If You Are An Attorney/Law Firm, This Is What You Can Use Class Action Lawsuit Loans For
- Taking On More Cases
- Growing The Firm
- Filing Fees
- Hiring of Experts
If You Are A Plaintiff, This Is What You Can Use This Loan For
- Income due to lack of work
- Car Payments
- Extra Money
- And More…
Lawsuit Financing for Attorneys
Receiving the financing for a class action lawsuit gives you and the firm a wonderful ability, the ability to work on a contingency basis. This also give the firm the ability to work with clients that usually do not have the funding to pay for an attorney and the billing expectations of them. The class action lawsuit finance advance of course is made on the merits of the firms case and or cases.
How Can You Get Litigation Financing Today?
Litigation financing services and companies will continue to grow in popularity, especially as attorneys utilize the best business plans while still operating within the confines of legal ethics, predominately fee sharing, disclosing conflicts, and preserving the attorney-client privilege. With Verum Funding we will be here every step of the way to see you and or your law firm/company flourish by bringing case with merit that might not otherwise have been adjudicated.
You can get the class action litigation financing today that you need by contact us by email, filling out the intake form on this page, or calling 434-535-5229 Contact us today and get the advance that you need!