It’s expensive for companies to fight a lawsuit, no matter which side of the courtroom they’re on. The Court Statistics Project found that the median costs for business contract suits, which make up 60% of the 20 million civil cases filed annually, totaled $91,000. Liability lawsuits had a median cost of $54,000. Some businesses may
Pravati Capital Completes Expansion to Key Markets and Adds Accomplished New Hires to its Distinguished Leadership Team
NEW YORK, July 29, 2020 /PRNewswire/ — Pravati Capital, leading litigation finance pioneer and consulting firm, today announced four new members to its esteemed leadership team, each complementing the firm’s outstanding services and legal insight. Joining Pravati Capital, Bruce Cohen, Douglas Smith, Scott Potter and Shane Ham will bolster the company’s litigation practice with specialized experience to better serve clients. The accomplished new additions
Few events have changed our daily lives as significantly as the spread of Covid-19 has. In a matter of days, we went from routinely going out with friends, having parties and other social gatherings, and daily trips to the grocery store to a world filled with delayed weddings, masked and gloved shopping, and curbside pickup
Pravati Management Group was formed to function as a management consultant.
Pravati Capital announced today it has named Adam C. Tubbs as Director of Business Development.
Law firms must be able to meet potential client demands to land desirable commercial litigation cases. Meeting those demands can be financially difficult during the often-lengthy process of discovery and litigation, sometimes even damaging a firm’s long-term business outlook. Commercial litigation funding allows attorneys to accept the cases they want—by turning those cases into capital-producing
Litigation funding gives lawyers and law firms freedom from the problems associated with conventional lending options. Bank loans weigh down your balance sheet and can affect the personal credit of the guaranteeing of the firm. Litigation funding does not impose these burdens. Instead, practitioners, firms, and legal departments can use their best assets—their caseloads—to further
The practice of law often brings unique cash flow challenges. Some clients pay hourly fees, while others under a contingency agreement may only pay from proceeds after successful case resolution. In the meantime, the lawyer or firm continues to bear operational costs. Whether your cashflow matters fit neatly into one of these examples or are
The private practice of law is an increasingly competitive market. Successful firms work hard to attract the brightest talent and grow their client base. Both pursuits require capital, but traditional loan financing for law firms carries risk. Non-recourse litigation funding offers the key to success, allowing firms to secure the financial resources they need to
Plaintiffs asserting claims against big business face an uphill battle. Cases involving commercial litigation, patent claims, antitrust and competition claims and more often present a David-and-Goliath scenario. Adding to that the typical contingency fee arrangement in plaintiff cases, many law firms struggle financially to see meritorious cases through. But there is an answer to that