Learn More about Lawsuit Funding A lawsuit is basically defined as any suit, cause or action that are being enacted or instituted by two different individuals in the law court, and the other definition for this is any proceedings in the courts of law created by a party or parties against another party. The term used by the people that basically refers to the conduction of a lawsuit or to criminal trial is called as litigation, and the term litigators refers to lawyers or attorneys, while the term litigants refers to the defendants and plaintiffs. It is definitely very expensive in filing a lawsuit and facing a trial, since it includes any other fees like fees for attorneys and because of that the people who lacks financial resources are not capable of filing such cases in court, however, in the most fortunate events there are some third party funding companies that can help them by offering legal financing or lawsuit funding. Legal financing can also be called as professional funding, litigation funding, third party funding, settlement funding and lawsuit funding, and it is any process or any mechanism in which the litigants and even the law firms can pay for the fees for litigation and any other fees via the help of a funding company that offers such services. The primary function of funding companies is to assist their clients with their fees that they need to pay during trial, which they tend to call as cash advance, and if their client wins the said trial they can obtain a percentage share on the settlement or judgment money that their clients have claimed, but if they lose the trial their clients are not obligated to pay them. Obtaining a lawsuit funding or legal financing from a funding company can provide the people with benefits, such as having the ability to pay for their court filing, attorney’s fee, and litigation fees, as well as their living expense or any other personal finances; and they can also have the ability to have a fair trial or level the playing field if they are against wealthy defendants, that is if they got their lawsuit funding from a large funding company. The various qualifications of obtaining a lawsuit funding or legal financing from a certain funding company includes that the client’s case is either a personal injury from a motor vehicle accident or a case of negligence or a violation of civil rights at work, that the defendant is financially stable and is part of a large corporation, the state of residence, the background of the applicant, the sufficient margin for investment, the total amount of the damages sought, the liability of the defendant, and that the client already hired an attorney. There are basically a lot of funding companies in every parts of the world, and the individuals who wants to find the best one and needs their services can find them via the internet, or through the word of mouth of colleagues and families.