Legal Technology Journal

Southfield, MI – February 11, 2009 – Lawsuit Financial Corporation (www.lawsuitfinancial.com), a leading national litigation funding company, is giving tips to plaintiffs and attorneys looking to finance lawsuits during a downturn in the economy.  The company is available to help plaintiffs reduce or eliminate financial pressure by making a lawsuit cash advance available to pay everyday expenses but urges plaintiffs to be careful and to consider a few simple tips to ensure they are working with an ethical legal funding company.
 
Lawsuit funding was created to provide relief to pending litigants who, through no fault of their own, need financial assistance, but do not qualify for a traditional loan. Legal Funding may prevent plaintiffs from settling a case too early – for too little – just to get their bills paid.
 
“We are facing some tough economic times.  People desperate to feed their family or save their house are not a positive influence on settlement negotiations,” stated Mark Bello, owner and founder of Lawsuit Financial. “We want to assist those families in understanding how to best utilize lawsuit financing to ensure they are doing what is best for them and their family.  People need to be careful and do what makes good sense.”
 
According to Bello, a few things to consider when seeking litigation finance services include:

• If you qualify for a traditional loan and have a solid case that will resolve in the short term, the loan may be a better option.
• Utilize lawsuit funding for a serious need.  Financing lawsuits should be used only to pay important obligations like rent, mortgage or car payments, and necessary living expenses.
• Ask the lawsuit finance company you are looking at how long they have been in business and whether litigation funding is all that they do. 
• Make sure the company you are talking to has significant legal experience. An experienced lawsuit financial company can provide strategic advice to plaintiffs and plaintiffs’ attorneys.
• Engage a lawsuit funding company that will commit to capped rates and compromised settlement adjustment when necessary.
• A litigation funding company should have absolutely no control over the handling and/or outcome of a case.  Ask what the legal finance company expects from you going forward.

Ask questions – get to know the lawsuit financing company and make sure that the transaction is a good fit for your situation.
 
The availability and cost of funding is based upon case strength and strategic timing.  Mark Bello, a 31-year trial lawyer veteran, is available to plaintiffs and attorneys to discuss whether litigation funding is right for you.