What Is The True Cost Of Obtaining Legal Funding?

The cost of legal funding is the question most applicants ask when they visit our site. The problem with the question is that it doesn't really make sense! It is the wrong question to ask for those individuals seeking a settlement loan.

It should be borne in mind that you will not be negotiating your lawsuit in a void. In fact, it is very unlikely that the defendant is going to readily admit liability. Yes, I'm quite certain that the defendant readily admitted liability at the time the incident occurred. This is a frequent occurrence. However, as an expert witness in more than 100 personal injury cases, I've never encountered this in a case that actually went to trial. At trial, you're likely to encounter a reticent defendant. This reticence is what forces plaintiffs to seek legal funding.

Remember that individual you encountered at the time the incident occurred? Remember, the individual who readily admitted liability. You may be surprised to see how adamantly that individual now denies any liability whatsoever when you begin to pursue that individual for compensation to recover for injuries/damages you sustained. In fact, according to the defendant, it is you, not he/she, who is responsible for the entire incident! (This is why we called it an adversarial system and why legal funding is oftentimes essential.)

You are advised to retain a knowledgeable personal injury legal representative to represent your interests if the case does go to trial. Make no mistake, the defendant, in almost all cases, will be represented by a legal representative who obtains most of his/her revenue from insurance companies. In fact, in many instances, the defense legal representative meets the client for the first time at the courthouse.

Key to understanding the defense attorney's motive is that you realize that the attorney represents the insurance carrier, not the defendant. It is true that the defendant is formally identified as the defense attorney's client. However, this is a ruse designed to avoid notifying jurors that the defendant has "deep-pockets." It is because of those "deep-pockets" that the carrier can continue to drag its feet, placing obstacles in your path and forcing you to seek legal funding to keep your head above water!

Insurance carriers are viewed with such contempt by many that neither you nor your attorney will be permitted to even acknowledge that it is the insurance carrier that is, in reality, denying your claim. Merely mentioning that fact may serve as a basis for mistrial!

This article is intended to dispel any notion that you may have had that the insurance carrier is interested in seeing to it that you as the plaintiff obtain a fair-and-equitable settlement and it certainly wants to keep you from obtaining legal funding. In fact, the insurance carrier doesn't want to pay you a dime on your claim! If it weren't for this fact, no suit would have been filed. If it weren't for this fact, your case would not be dragging on, in many cases, for years. It is at this point that the plaintiff's options are customarily limited to either accepting an unreasonable settlement offer the insurance carrier makes, or obtaining legal funding that would allow the plaintiff to pursue the action to an appropriate conclusion.

You see, the question really isn't, "How much does legal funding cost?" The real question is, "Does legal funding cost or pay?" You decide!

Learn more about obtaining legal funding. Stop by our site where you can find out all about the benefits of obtaining lawsuit loans and what they can do for you.