There are three major benefits of litigation funding besides having the money that you need to more effectively fight your case. Litigation funding can be a huge stress reliever. Being able to stay in the fight long enough to win the case is one of the most important aspects of a court case. Having adequate funding available means being able to focus on what it takes to win your case.
The Real Benefits
Funding is not only about money, it is about the power that it gives your case. It can give you case the steam that it needs to get into the homestretch. The three major benefits of having the capital to fight more effectively are:
- Not having to cut corners in the case
- Mitigating some of the risk of the case
- Seeing the case through
The fact is when money is tight it can affect how a case is fought. Having the capital to fight full force can mean a better outcome. When funds are dwindling often short cuts must be taken that can negatively affect the outcome of the case. When the capital is available more thought can be put into strategies and less must be put into cashflow.
Sharing the Risk
For law firms using litigation funding can have the benefit of sharing some of the financial risks involved in fighting a lengthy case. Assuming the risk of a contingency based case can be tremendous, but when you finance the case through a trusted source, you are able to shift some of that financial risk. It can be a great way to offset some of the burden and have enough capital to fight effectively.
Fight till the End
Losing out on potential compensation awarded by a jury or other loss is possible when funds are waning. Having the money that you need to stay in the fight till the end can mean a potential windfall of cash that you would not receive without staying in the fight until the end. It is not unusual to experience a loss simply because the money ran out. If you can be outspent by the other party than you can lose no matter how solid your case is.
The Trusted Source
To reap the benefits, you must choose an experienced trusted source that will help you to manage risk and have the cashflow you need. Bentham IMF is that source!