The Federal Judicial Center reported last year that pursuing a civil action in Federal Court cost an average of $15,000. Lawsuits which require significant expert testimony such as products liability and medical malpractice cases in Florida can often add more than $100,000.00 to the cost of litigation. Studies show that many Fort Lauderdale or Weston personally injury Plaintiffs or even their law firms are overwhelmed by the corporate defendants and their massive insurance companies who seem to have unlimited funds to finance these otherwise very necessary and righteous Florida personal injury lawsuits.
A discussion was recently raised in the New York Times and the Center for Public Integrity that private investors outlay of money towards financing plaintiffs personal injury lawsuits is providing more people with their opportunity to seek justice in court and affording them with the equally best paid experts and the best evidence. With the ever growing uncertainty in conventional investment avenues, large investors and even banks are now heading towards this ever increasing area of funding for plaintiffs’ personal injury lawsuits as a new avenue for return on cash investments.
There is much debate among many Florida personal injury attorneys on the positives and negatives of such private investor capital entering into the arena of personal injury litigation investments. There is also a distinction between those investors who are aimed to funding the “plaintiff’s attorney’s Case” i.e. funds to be used for employing experts and testimony, vs. the more predatory investors seeking to take advantage of the needs of the injured plaintiff who needs personal capital while they are pursuing their lawsuit.
While there are many distinctions between the two, the interest rate on attorney investment is generally around 15% per year whereas the more parasitical investments that aim to capture the needy personal injury plaintiff at their time of need can receive practically 100% return on an annual basis. Needless to say, this could have a devastating effect upon what the personal injury victim’s ultimate recovery.
Individuals concerned about whether they should obtain outside investor capital to fund them or their lawsuit during their litigation should take great measure in consulting with the most professional and committed Fort Lauderdale injury attorneys who are committed to looking after each victim’s interests. For further information you may wish to contact the Fort Lauderdale injury attorneys at 1-877-529-0444 or at info@www.schulaw.com.
Individuals concerned about whether they should obtain outside investor capital to fund them or their lawsuit during their litigation should take great measure in consulting with the most professional and committed Fort Lauderdale injury attorneys who are committed to looking after each victim’s interests. For further information you may wish to contact the Fort Lauderdale injury attorneys at 1-877-529-0444 or at info@www.schulaw.com.
