Learn More about Lawsuit Funding A lawsuit is a term used by the people that refers to any action, suit or cause that can be enacted by two individuals in the courts of law, or any other proceedings by a single party or parties against another party in the law courts. The conduction of lawsuit or to criminal trial is basically called as litigation, and the defendants or plaintiffs are called as litigants, while the term litigators refers to their attorneys or lawyers. Filing a lawsuit or litigation can be very expensive to the plaintiffs and defendants who lacks financial resources, luckily for them is that there are some other options in which they can successfully file a lawsuit or pay their attorney’s fee through the help of company that offers legal financing. Lawsuit funding is basically defined as any mechanism or processes in which the law firms and the litigants can have the ability to pay or finance the various fees for litigation through the help of a third party funding company, and it can also be called as professional funding, litigation funding, third party funding, settlement funding or legal financing. The services offered by funding companies include providing their clients with cash advance or any financial assistance in exchange for obtaining a percentage share of the money acquired in settlements or judgment after winning a trial, but if their client loses the funding company will lose money as well, since their clients are not obligated to pay them. The benefits that a client of a funding company may obtain from getting a lawsuit funding or legal financing includes the ability to use the money not just for litigation fees, court filings, and attorney’s fees, but they can use it for their personal finances and their and their family’s living expenses; and they can also level the playing field by acquiring lawsuit funding from large funding companies, especially when they are against wealthy defendants. The various qualifications of obtaining a lawsuit funding or legal financing from a certain funding company includes that the client’s case is either a personal injury from a motor vehicle accident or a case of negligence or a violation of civil rights at work, that the defendant is financially stable and is part of a large corporation, the state of residence, the background of the applicant, the sufficient margin for investment, the total amount of the damages sought, the liability of the defendant, and that the client already hired an attorney. Third party funding companies can be found in every parts of the globe, and the people who wants to find them and needs their assistance can find them through the recommendations of colleagues or through the use of the internet.