litigation finance

Litigation finance is a process where a third party provides funding to individuals or businesses involved in a legal case. This financial support helps cover legal costs, such as attorney fees, court fees, or other related expenses, in exchange for a portion of the settlement or judgment if the case is successful. It allows claimants who may not have the resources to pursue a lawsuit to access justice. This financing is typically used in civil cases where the potential payout justifies the investment, and it can risk the funders' money if the case is lost.