Law Firm Finance: Basic Things to Know about Attorney Lines of Credit

Establishing a law firm is definitely a difficult feat to accomplish, especially if you plan on doing it solo, and the last thing you’ll want to do is worry about the financial aspects of running a law firm. Even so, this is a hugely important aspect of financing your own legal practice, and can make all the difference between success and failure. After establishing all the initial financial arrangements necessary for setting up your own law firm, it’s time to deal with lines of credit. Very much like small businesses, you can apply for an unsecured line of credit for your law firm, offered by litigation finance companies that provide aid for attorney funding and commercial litigation funding.
http://www.pravaticapital.com/law-firm-finance-basic-things-know-attorney-lines-credit/

Dispelling the Most Common Misconceptions about Attorney Financing

Financially challenged people seeking justice and attorneys seeking to win their client’s case but constricted by their financial circumstances need only to enlist the aid of a litigation finance company. Litigation finance has long been present in the U.S., but has only recently become a trend. While litigation funding offers a solution for both clients and attorneys in their cases, numerous misconceptions and myths continue to persist that could make attorneys skeptical about taking advantage of this service. Here are the most prevalent fallacies about attorney financing and litigation funding, and why a legal firm should consider acquiring litigation funding services.
http://www.pravaticapital.com/dispelling-common-misconceptions-attorney-financing/

Reaching Justice Can Be Expensive…Or Not

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.

Litigation Financing and the Concept of Champerty

Back in January, 2010, the exchange between the Second Circuit Courts of Appeals and the New York Court of Appeals regarding the case of Trust v. Love Funding brought forth a question: Is legal funding a form of champerty? Citing  Ogden v. Des Arts, 4 Duer (N. Y.) 275,   TheLawDictionary.org defines champerty as "the carrying on a suit in the name of another, but at one’s own expense, with the view of receiving as compensation a certain share of the avails of the suit."