Financing Litigation Lawyers

Financing litigation is a matter that both litigants and law firms must sometimes handle. For law firms such as personal injury firms, there are many up front costs involved in litigation that the firm pays for and then recovers later. Other times, the client pays some of these costs on a monthly basis or with a retainer. For the average litigant the costs of financing litigation can be overwhelming. Many businesses now exist that will loan money to plaintiffs to help with financing these costs. If and when the case is decided in favor of the plaintiff the lender is repaid with interest.