Will Litigation Funding Work For My Business Claim? The Answer is Yes!

As the industry continues to boom,  litigation funding companies are beginning to take on more business, typically using a ‘one size fits all’ approach to managing client regardless of individual needs. Amerevision Legal Financing is different. We respect our clients' unique circumstances and concerns. Our revolutionary approach to litigation funding involves top-notch research and a focus on transparency and communication from start to finish. Once your claim has been assessed and accepted, Amerevision will invest its resources to further the goals of your litigation.

Our team invests in sourcing high quality legal resources and tools for each of our client’s disputes. We commit ourselves fully to the success of each claim, although we observe and respect the necessity of attorney-client privilege.  We believe that our involvement enhances transparency between client and attorney, and that a legal case is only as strong as the communication between all parties involved.

What makes Amerevision so exceptional is our willingness to intervene and provide funding at any stages of litigation or mediation. In addition to accepting both plaintiff and defendant clients, Amerevision also works with law firms and in-house counsel. Claimants are generally company owners or stakeholders who may not have the desire or ability to pursue claims with their own capital. Due to the high-risk nature of litigation, these companies frequently forfeit potentially valuable claims. By partnering with Amerevision, business owners have an opportunity to proactively pursue meritous litigation without the risk of financial ruin.

The ability to see a legal claim from start to finish and access to expert representation can make the difference between a business’ successes or failure. Our dedication to our clients and their specialized needs are unparalleled and set us apart from our competitors. If you think Amerevision Legal Finance could be the litigation funding company for your business, visit our website to apply and learn more about what we offer.​

Litigation Funding: A Concise Timeline- by Amerevision

In light of all of the recent media attention given to the litigation funding industry recently, wouldn't it be nice to know more about its history?

·         1765: Litigation funding isn't new.  It was an ancient practice, considered meddling and banned in much of Western society during the 18th century. William Blackstone, an English attorney and politician, calls third party funders “pests of society.”

·         1787: Jeremy Bentham, a British philosopher and the founder of modern Utilitarianism, decided to go against the grain and penned “Defence of Usury” where he articulated that “wealth has the monopoly of justice against poverty” and advocated for lawsuit lending.

Flash-forward to the 20^th century…

·         1908: The American Bar Association cautiously began to allow attorneys to charge contingency fees, which meant that they could perform work in exchange for a share of the potential reward.  This was intended to facilitate representation for people who couldn't afford to pay upfront.

·         1963: Civil Rights! In one of the most important "wins" for litigation funding, SCOTUS ruled that civil lawsuits were protected under the First Amendment as free speech, making it possible for N.A.A.C.P to back plaintiffs in cases regarded civil liberties.

·         1985: Pay attention business owners: Charles P. Hall raises $1 million from investors in order to finance a patent protection lawsuit. This, a strategy that is now popular, was innovative.

·         1992: Ken Polowitz, a mortgage banker, creates the first legal financing firm, Plaintiff Support Services, which offered support to plaintiffs awaiting a settlement from litigation.

·         1998: General Electric turns a $4.2 million dollar profit from funding a lawsuit for a discount retailer against Chase Manhattan.

·         2000: The American Bar Association formally embraces litigation funding.

·         2004: The American Legal Finance Association is created under pressure from NY Attorney General Eliot Spitzer.

So, there you have it: the most important dates in litigation funding history! To learn more, or for any questions about litigation funding, visit Amerevision's website at http://amerevision.com.

Lawsuit Loans versus Litigation Funding: What YOU Should Know

Ever since the practice hit US markets in the early 1990s, third-party lawsuit funding has seen a rapid increase in the legal industry. Now with a growing number of investment firms engaging in litigation funding; the industry has come under scrutiny from the judicial system, legal experts, and potential plaintiffs.  The relative infancy of alternative litigation financing, along with the predatory behaviors demonstrated by a few, has become cause for concern by many.

So how does one decide whether or not to seek out litigation funding? How does an entrepreneur determine whether or not they are being taken for ride with a high-interest lawsuit loan? How can a business owner find a litigation funding service that suits the needs of their company? Amerevision Legal Finance has the answers.

           What is a lawsuit loan, and should I seek one to finance my litigation? Sometimes referred to as a pre-settlement loan, lawsuit loans are typically cash advances given to plaintiffs who are awaiting a settlement, usually to cover living expenses until an offer is reached. These loans are typically reserved for those engaging in personal injury suits, or workplace related litigation. The interest rates and fees for this type of non-recourse debt are usually high, with clients re-paying financiers anywhere from 30 to 120 percent of their loan amount. Most legal experts advise plaintiffs to stay away from this type of funding, as it is often predatory and misleading in nature.

            How is litigation funding, like the type provided by Amerevision Legal Finance any different? Amerevision offers a special kind of non-recourse legal financing, where the plaintiff’s attorney fees and court costs are paid directly by the firm. Instead of providing plaintiffs with a cash advance just to charge steep interest rates at a later time, Amerevision leverages its own capital against the lawsuit; taking the risk of filing a lawsuit off the table for the client. This method is commonly seen in lawsuit matters involving large corporations who choose to shift the cost of litigation to a third-party, however Amerevision offers this same ethical approach for individuals and small businesses.

Which type of alternative legal financing should I seek for my lawsuit? Small business owners and entrepreneurs are advised to stay away from lenders that offer cash-advanced lawsuit loans due to their unregulated practices and high interest rates. Business owners who are considering a lawsuit should research companies like Amerevision that will relieve the burden of litigation costs, allowing them to focus their capitol on already present expenses.  Choosing the litigation funding route may not result in a quick, cash pay-off for filing a suit, however it has been shown that this course of action yields the highest potential for reaching an agreeable settlement.

In short, while lawsuit loans may appear attractive at first sight, as a business owner, you must decide whether or not the large burden of debt is truly in the best interest of your business. The alternative method of direct litigation funding via Amerevision is the best way for entrepreneurs who want to experience positive, long-term results from their litigation.​