Corner The Market With Class Action Lawsuit Financing
Class action suits as we know them today have been around since the 1960s. In the decades since, they have gone through many transformations, and they continue to do so. Most recently, class action movements have been shaken up by size limitations and the pervasiveness of arbitration agreements, both of which leave lawyers facing new challenges. Making matters even more difficult, the internet has spawned a new breed of sophisticated clientele, and they’re looking for the best representation their anticipated future settlement can buy.
What Class Action Lawsuit Clients Are Looking For
The lead plaintiffs in a class action suit have a lot at stake. Not only do they want to impact the offending company and get justice for everyone damaged, but they also may be qualified to receive an incentive reward for getting the case started. Combined, all of this puts tremendous pressure on them to find the best lawyer, which means they’re looking for:
• Lawyers who work on a contingency basis. Most lead plaintiffs don’t have the funds to pay a retainer and meet the billing expectations of a class action lawyer. Instead, they look for lawyers who work on a contingency basis. Clients also prefer working on a contingency because doing so ensures that the lawyer has a stake in the case’s success.
• A lawyer with the experience and insight necessary to draft compelling and effective class action complaints. This step is crucial since the complaint must be evaluated by a judge before a class action can be certified and officially proceed. Before the complaint can be drafted, however, the lawyer must review the evidence, case law, comparable allegations, the broader impact of the damages, and accomplish a number of other required procedures.
• A firm that has the wherewithal to refuse unreasonable settlement offers. A lawyer or firm that’s under financial pressure is one that may encourage its clients to accept low-ball settlements—something no class action participant wants.
• Lawyers with solid litigation skills. Lawyers specializing in class action suits need to understand how to best cross-examine a witness and present an argument. Many of these skills won’t see the light of a courtroom but will be used during depositions and in written advocacy.
Be The Best With Class Action Lawsuit Financing
Specializing in class action lawsuits requires an ongoing commitment to refining skills and studying case law. It means pledging to get paid only when a case is resolved in your clients’ favor. These are hefty obligations for any lawyer or firm to undertake, but they are promises you can make confidently with the help of class action lawsuit funding.
Litigation finance is a form of non-recourse advance made on the individual merits of the class action lawsuits you take on. With the class action lawsuit financing, you can put money into operational costs, research, payroll and growing your firm.
How Litigation Finance Works
• Apply for funding using one of your cases and its expected settlement
• Give an underwriter the details of a case so they can determine the likelihood of winning
• Receive payment after funding is approved
• Pay back the funding and interest once the settlement is paid
Partner with Pravati Capital today to support the future of your clients, and your firm, with the class action lawsuit financing you need to win.