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About: Legal financing industry     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:TransferredProperty113252973, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatLawsuitsyago:WikicatLegalCostsyago:Abstraction100002137yago:Act100030358yago:Cost113275847yago:DueProcess101181475yago:Event100029378yago:GroupAction101080366yago:Lawsuit101182654yago:Outgo113275288yago:Possession100032613yago:Proceeding101184814yago:PsychologicalFeature100023100yago:Relation100031921yago:YagoPermanentlyLocatedEntityyago:TransferredProperty113252973 New Facet based on Instances of this Class

The legal financing industry provides non-recourse legal financing to litigants. Sometimes this financing is funded from outside of the firm or from individual lawyer's finances, and then funneled through a third-party company. Financing is often for plaintiffs involved in personal injury, workers' compensation, and civil rights. The industry provides litigants with cash in a lump sum form upfront in exchange for a share of the litigant's future settlement or trial award. While the litigant awaits the resolution of their case, the legal financing industry provides for immediate relief from financial burdens such as mortgage payments, rent, medical bills, educational bills, daily expenses, or even legal fees.