Legal finance typically refers to means used to finance the cost of a lawsuit or other legal representation. There are companies that provide certain types of litigants with finance to help pay legal costs during litigation. These companies typically finance plaintiffs with large potential damages awards and are repaid when and if the plaintiff is successful. Some law firms also provide legal finance. This can occur in at least two ways. In some cases the firm may simply work for a straight-forward percentage of the damages award. In other cases, the law firm may partially finance a client, by covering some of the costs of a lawsuit, or by entering into an agreement for legal finance that is secured by property or other consideration.

Click here to find Legal Finance Attorneys near you.