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Litigation Funding in Australia: A Game-Changer or a Risky Venture?

Explore beneficial and risky factors of litigation funding in Australia. Watch this presentation and decide if this venture is risky or profitable. https://lcmfinance.com/

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Litigation Funding in Australia: A Game-Changer or a Risky Venture?

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  1. Litigation in Australia  Legal finance, also called third-party funding, has become more popular in Australia. Understanding  This has been defined as a situation whereby a third- party funder pays for a case in the expectation of a cut from the funds received from the awards.  This has allowed individuals and business entities to file the claims without the financial implied cost.  It has its twists though; its complexities always accompany this. To reduce their risk, funders usually choose only those cases that are highly likely to succeed.  Litigation funding in Australia is perhaps one of the most prominent markets courtesy of its class action scenario.

  2. Benefits of Litigation Funding  First, it does away with costs often associated with legal representation at the beginning of the case. Costs that can be extremely high, especially in cases that last for many years.  Second, it gives legal assistance to people because funders may work with reputable law firms with experienced lawyers.  Third, it carries a low risk financially since the funder bears costs, regardless of the outcome at the case level.  Moreover, they found that litigation funding leads to fairness because the latter enables the less powerful to stand up to their well-funded adversaries.  In Australia, this has made classes more levelled in class actions and provided for large compensations in areas of consumer rights and shareholder-based cases.

  3. Potential Risks and Concerns  Despite making doors to justice, litigation funding has the chance to run the risk also.  A major issue is how funders can intervene in managing the litigation and how that will impact the interest of the client.  Another pitfall is that funder costs can be high because funder organisations take large portions of the eventual settlement.  Also, even in a case where a particular case goes to court, and the client is on the wrong side of the ruling, other related legal fees cannot be reimbursed.  Parliamentary questions are also raised when more and more legal financiers are involved since the function is not clear if it is ethical.

  4. About the Company Looking for litigation funding in Australia? Contact one of the best litigation providers in Australia, Litigation Capital Management (LCM). Our experts will first analyse your case and then funding will be decided. We have been working in this industry for years which has provided us with the required expertise. We have a great success ratio and you can check our testimonials too at our website. Feel free to connect with us and schedule your appointment with our experts.

  5. Contact Us +61 2 8098 1390 https://www.linkedin.com/company/lcm-finance/ Litigation Capital Management Level 12, The Chifley Tower 2 Chifley Square Sydney NSW 2000 https://lcmfinance.com

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