Attorneys that practice law by themselves or those that practice in small firms are especially well-suited to reap the benefits that litigation financing has to offer. More often than not, litigation financing is used in accordance with contingency fee arrangements made by these kinds of attorneys. Contingency fee arrangements are more likely to be made with these kinds of attorneys because of their smaller number of resources. In any case, with contingency fee arrangements attorneys risk being rewarded with more upside of any success they may have with a greater risk of loss if the case proves unsuccessful. With litigation financing, these attorneys are allowed to take on more cases than they normally would have also mitigating their risk at the same time.
Solo Practitioners and Small Firms: The Benefits of Litigation Finance
Attorneys that practice law by themselves or those that practice in small firms are especially well-suited to reap the benefits that litigation financing has to offer. More often than not, litigation financing is used in accordance with contingency fee arrangements made by these kinds of attorneys. Contingency fee arrangements are more likely to be made with these kinds of attorneys because of their smaller number of resources. In any case, with contingency fee arrangements attorneys risk being rewarded with more upside of any success they may have with a greater risk of loss if the case proves unsuccessful. With litigation financing, these attorneys are allowed to take on more cases than they normally would have also mitigating their risk at the same time.
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