Why Commercial Litigation Financing Is Sometimes Needed
When pursuing a commercial claim sometimes commercial litigation financing (also know as commercial litigation funding) is needed, it can easily be costlier than thought of in the beginning. With this, the need of capital is almost a certainty to the law firms and the represented companies. If the call of capital goes unanswered the result is a loss for the businesses and the law firms that represent them. We can get funding for all types of cases including but not limited to I.P. (Intellectual Property), Trade Secret Theft, International Arbitration, Complex Business Disputes, and Class Action Lawsuits. All of this can be used for portfolios of litigation or for single case lawsuits.
With our commercial litigation funding which is non-recourse (which means if you lose your case, you owe nothing) it is available at almost any stage of litigation. It can be used to pay for legal fess/litigation, acquire working capital, getting the litigation off of the balance sheets, and be used to grow your law firm. By using Verum Funding to help your law firm or business with commercial litigation financing, you are helping by adding value to your business or law firm.
So How Does One Get Commercial Litigation Funding For A Lawsuit?
Apply on this page or call us at 434-535-5229. From there we will put you in contact with one of the many underwriters that we work with. They will look at the good and the bad of your case/cases and weigh out the likelihood of a win. When and if it is approved they will contact you to wire the funds to you.
Many litigants depending on their case are looking for commercial litigation funding for all the law fees and on some occasions just a partial funding regardless that there is usually a lot of money that is on the line.
Why Would One Want To Get Commercial Litigation Funding?
Commercial litigation financing is an attractive option for many businesses and law firms. If there is cash due to the law firm or business you do not want to leave it on the table, especially when it is possible to go after claims without the cost and risk of using your own and or law firms money. It also gives the ability to have working capital and gives the firm considerably more access to expert litigators.
It also allows litigants the ability to pursue complicated case that they might not be able to afford if they did not have commercial litigation financing. It can help with the ability to hire expert witnesses, reducing the risk of premature settlement, and the relief from running out of capital during litigation. If you have any of these problems then Verum Funding could have the ability to help you.
Litigation Financing In The News
In March 2020 as reported by Bloomberg. There was a 25-person working group on commercial litigation funding report for New York City Bar Association. This committee was meeting for over a year and included lawyers, a former federal judge, litigation funders, and ethicists among others. It was a 90-page report and as of now is the most in-depth study of the litigation finance industry in America history. It was reported that litigation finance is a good thing for the legal system. In the report it is stated “lawyers and the clients they serve will benefit” from lawyers’ expanded access to funding.
In May 2020 as reported by LF. With the pandemic far from being over legal firms are taking actions to mitigate it. There is a major upswing in funding requests. With many requests coming in from the pandemic including breach of contract, securities, insurance recovery and more. Many claims already have been filed due to supply chain issues, business closures and other losses. With litigation financing becoming very accessible over the last couple of years and especially with low income litigants who would otherwise have no affordable legal recourse. We will see a major uptick with commercial litigation funding.
How Can Verum Help You?
With Verum we try to use commercial litigation financing that is non-recourse so it is not another worry for you while you are in the middle of a lawsuit, to the litigant and the law firm. Also, with this you know that we believe in your case and what you are trying to do to in this lawsuit.
Applying for the funding can be done during the appeal phase of the lawsuit, the trial phase of the case, the enforcement time after the lawsuit, or even the pre-trial portion of the lawsuit itself.
At Verum Funding we care about your success in your lawsuit. After all since it is non-recourse we are in this together. So contact us today to get in touch with an underwriter that get you on to the road to success.
Help us help you with the security that you need with our commercial litigation financing today! Contact us by calling 434-535-5229 or filling out the form on this page.