The role of legal funding in civil cases: empowering justice
In the realm of civil law, litigation can be a lengthy and costly affair. For many individuals and businesses, the financial strain of pursuing justice can act as a barrier. However, the emergence of legal funding has transformed this landscape, enabling more claimants to access the justice they deserve. In this blog post, we’ll explore the role of legal funding in civil cases and how it serves to empower justice.
Understanding legal funding in civil cases
At its core, legal funding – or as it is often known, litigation funding or litigation finance – is a financial solution whereby a third party (such as a litigation finance company) provides funds to a claimant so that they can pursue their legal claim. In return, the funder receives a share of the settlement or award; or alternatively, a multiple of the amount of money that it
provided to the claimant (for example, three times the amount that the litigation funder invested in the claimant’s case). Unlike traditional loans, if the case is lost, the claimant typically owes nothing to the funder.
Bridging the financial gap
Civil cases such as contractual disputes can rack up significant legal costs. Legal funding provides the necessary financial support, ensuring that claimants can navigate the litigation process without being bogged down by economic pressures.
Levelling the playing field
In many civil disputes, there is an inherent power imbalance, with one side possessing considerably more resources. Legal funding levels the playing field, allowing claimants to secure top-notch legal representation and other resources essential for a successful outcome.
Enhancing access to justice
Justice should never be a privilege of the wealthy. Legal funding extends the reach of the justice system, ensuring that more individuals and entities can make their case in court, regardless of their financial standing.
Reducing financial risks
The unique structure of litigation funding – where repayment is contingent on a successful case outcome – minimises financial risks for claimants. This can be a gamechanger, especially for those who might otherwise be hesitant to pursue a claim due to financial fears.
The Sentry edge in legal funding
At Sentry Funding, our commitment goes beyond merely providing funds. We streamline the legal funding process, ensuring claimants understand their options and the intricacies of lawsuit financing. With our technology-driven Sentry Portal, we have modernised the application and approval processes, making them more efficient and user-friendly.
Conclusion
The impact of legal funding on the civil litigation landscape is undeniable. By offering financial support, it plays an important role in ensuring that justice is not just an abstract concept but a tangible reality for many. Whether you are considering litigation funding for an ongoing case or just exploring your lawsuit financing options, Sentry Funding stands ready to guide you through your journey to justice.
At Sentry Funding, we are dedicated to complying with all relevant rules and ethical codes. The founders of Sentry Funding have historically run businesses regulated by the Financial Conduct Authority, and the Sentry Portal is built with that experience of compliance in mind.
September 12, 2023
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