There are
thousands of law school graduates every year, and yet, according to the New
York Times, millions of Americans who need legal services are not able to
retain an attorney. The current landscape shows a massive demand for lawyers,
but the current supply of employed attorneys can’t meet the needs of those
potential clients.
There are two
reasons for this crisis. First, many people need legal counsel, but can’t
afford it. How much is an average attorney’s hourly rate? How much does the
typical American citizen earn? When forced to choose between hiring a lawyer
and keeping the lights on, most people would choose to allocate their paychecks
for the latter. The second half of the problem stems from the fact that many
law firms don’t have enough money to hire more lawyers and handle more cases, which
is why there are a lot of unemployed lawyers.
One solution
that benefits both law firms and potential clients is a third-party company
that provides financial support for litigation. Law firms can use the funds to
pursue more cases and hire more lawyers. Plaintiffs can use the money to find
the best lawyer with the right expertise to represent them in court.
With additional
funding from law firm loans, plaintiff suits higher probability of success,
giving victims a better chance for justice to be served. The law doesn’t have to be
out of reach; you just have to know where to go for help.
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