Litigation finance typically involves a funder like Legalist advancing the costs or fees associated with your litigation in exchange for a cut of any proceeds or recovery in your lawsuit. Recovery may be from a settlement or a judgment at trial (or after an appeals process).
The process by which you get funded for your commercial lawsuit is very simple. The first step is to apply to a litigation financier like Legalist. We review your application and request any additional documentation or materials that we need to approve your case for financing. We will likely need to discuss your case and its associated risks with your attorney. Once we have done our due diligence, we will then send you a litigation finance agreement. Once signed, we pay for all subsequent legal costs.
Legal finance can be costly, which is why we recommend to our clients that they work out how much money they really need, and request the minimum amount needed to get their case to a successful recovery. Once a client is funded, Legalist has no say in the litigation strategy. It is important that clients remain in control of their lawsuit so that they can get the recovery that they seek, rather than a quick buck for the litigation finance company.
Legalist is typically one of the cheapest, fastest and easiest providers of capital. You can get started here: legalist.com/signup.