Revised September 24, 2017.
Litigation finance (or litigation funding) is where a third party like Legalist provides capital to the plaintiff involved in a lawsuit in return for a portion of any financial recovery from the settlement or judgment.
Having Legalist support means you never have to worry about legal costs. We cover attorney’s fees, deposition costs, expert witness reports, mediations, and can also provide operational expenses directly. We tide you over until your lawsuit ends.
Legalist finances meritorious commercial lawsuits. Examples of case types include:
Legalist can’t invest in cases that do not have counsel, but we have successfully paired many clients with the best attorney to fund their case. If you are still looking for an attorney, just let us know, and we’ll be happy to recommend an expert.
No, Legalist does not receive any rights to manage or interfere with the prosecution of the case.
When your case settles or results in a judgment, the proceeds will be routed to your attorney’s client escrow account. As part of the financing process, you will grant your attorney permission to repay us upon recovery in the lawsuit directly from the escrow account. It’s hassle-free.
When you fill out the brief application form, we review your litigation history, attorney record, and run your case against millions of cases we’ve assembled in our database. During the assessment, we determine whether we are able to approve your case for financing. We then confirm your case details with your attorney.
A case that is a good candidate for financing should have the following: strong damages, clear liability, proof of collectability, and a successful litigation record so far.
It costs nothing to apply and receive financing. Only if you win your case is repayment deducted from your recovery. Legalist funding varies from case to case, depending on your case details and our risk assessment outputs. Apply now to get a rate!
Legalist is a passive investor, which means we do not affect the attorney-client privilege or put attorney work product at risk. Recent court decisions have consistently upheld that attorney work product shared with litigation funders is protected and that attorney-client communications are covered by common interest doctrine.
Once the case is funded, Legalist will cover all legal costs associated with your court case. Other than instructing your attorney to provide periodic information updates on the progress of the lawsuit, you do not need to do anything else.