An individual or business suffers loss or damage as the result of another company, manufacturer or entity, and needs compensation.
The individual or business who suffered the loss—now considered a plaintiff—hires a commercial litigator to take their case.
The plaintiff finds that they need to pay attorney fees, or the plaintiff’s law firm needs a capital injection to continue pursuing a fair settlement.
The plaintiff or law firm requests Pravati Capital to provide litigation funding.
Pravati’s commercial underwriting team reviews the entire case, determining its likelihood of winning and if funding will be approved.
Once approved, Pravati advances the funds to the law firm or plaintiff.
After a settlement is reached or the case is adjudicated and the award is paid to the lawyer’s trust fund, the firms reimburse Pravati along with agreed-upon interest. Should the case be lost, no repayment is necessary.
