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.
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