Revised October 20, 2017.
Litigation finance is where a third party like Legalist provides capital to parties involved in a lawsuit in return for a portion of any financial recovery from the settlement or judgment. Litigation finance firms provide non-recourse capital to (i) companies to pay attorneys’ fees and expenses incurred in litigation and (ii) invest in post-settlement or post-judgment cases managed by leading law firms.
Legalist finances meritorious commercial lawsuits which are pre-judgment, as well as any type of post-settlement or post-judgment claim.
Legalist is a passive investor, which means we do not affect the attorney-client privilege or put attorney work product at risk. Recent court decisions have consistently upheld that attorney work product shared with litigation funders is protected and that attorney-client communications are covered by common interest doctrine.
Both the client and the attorney can take the lead in applying for litigation financing. However, attorneys must sign off on all final litigation finance.
Having Legalist support means you never have to worry about costs. We cover attorney’s fees, deposition costs, expert witness reports, mediations, and can also provide operational expenses directly. We also offer advances on settlements for attorneys.
When you fill out the brief application form, we review your litigation history and run your case against millions of cases we’ve assembled in our database. During the assessment, we determine whether we are able to approve your case for financing.
No, Legalist does not receive any rights to manage or interfere with the prosecution of the case.