When do You Have a Good Personal Injury Case?

Daily a lot of people get in different types of accidents where personal injury takes place. If you are involved in an accident, there are a couple of things that make any personal injury case a good one. How do you know it? Let’s find out!

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If your injury is a result of someone else’s negligence, this is already a big benefit to your case. This means that the other party is more at fault than you. The concept of negligence means any conduct that falls below the standards of behavior established by law for the protection of others against unreasonable risk of harm.

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What Should You Do After Being Involved In An Accident

Car accidents are very stressful for each driver because they are unexpected and unpredictable. Even the best and the most careful driver may be involved in an auto accident.

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According to Association for Safe International Road Travel (ASIRT) 2.35 million of people get injured or disabled in road crash accidents in U.S. Road crashes cost $230.6 million per year.

If you got into an auto accident you should first collect evidence as to who caused the accident and what are the damages of it. The best solution for you could be taking pictures of the damages, because that would be an incontestable evidence.

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Institutional Capital is Finding its Way Into Litigation Finance

 

A recent Wall Street Journal article entitled: Investors Put Up Millions of Dollars to Fund Lawsuits written by Jennifer Smith may spark further interest amongst investors into funding lawsuits.  The term most commonly used for this investment type is Litigation Finance but Litigation Funding, Legal Financing, Settlement Funding, Third Party Funding and Professional Funding are also used.

Legal Financing is the mechanism or process through which litigants (and even law firms) can finance their litigation or other legal costs through a third party funding company. These third party funding companies provide cash advances to litigants in exchange for a percentage share of the judgment or settlement. Since the advances are provided in the form of non-recourse loans, usury laws do not apply.

If the case proceeds to trial and the litigant loses, the third party funding company receives nothing and loses the funds they have invested in the case.  In other words, the investor assumes the full risk for their investment in the lawsuit and the litigant is not required to repay any of the invested capital if he case is lost.  Obviously the investor will only risk their capital if they believe the litigant to have very strong merits to their case.

In those situations where the plaintiff prevails in their litigation, the funder’s share of the settlement may be calculated from several factors:

  1. the sum of money involved;
  2. the length of time until recovery;
  3. the expected value of the plaintiff’s claim;and
  4. whether the claim settles, proceeds to trial, or is appealed.

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