Posts tagged Champerty
Litigation Funding: The Case for New York to Revise Section 489

Lawsuits are expensive. For those who wish to bring suit but cannot afford the costs, access to the legal system is barred by a hefty entry fee. Fortunately, a practice known as litigation funding makes the legal system more accessible to individuals who cannot afford to bring suit on their own. In effect, a third party firm provides the means for a plaintiff to sue in return for a share of the financial returns if the lawsuit proves successful. Litigation funding provides firms with the option to profit from successful suits, giving them a natural incentive to aid plaintiffs—especially those with meritorious claims.

Read More