Why Litigation Funding makes sense financially?
Introduction Of the numerous expenses that a business faces, legal expenses such as lawyer fees, court fees, etc. seem to be increasing each day. According to the U.S. Bureau of Labor Statistics, legal services prices have increased by more than 10% in recent years, despite the economic turmoil caused by COVID-19, which highlights the sharp increase in legal expenses faced by businesses. Sometimes even continuing the lawsuit appears like a poor financial choice for the corporation as the expenses keep on rising over time which makes access to justice inaccessible for many businesses. What are the causes of increasing legal costs in India? The following factors are the primary drivers of rising lawsuit expenses - · Redundant Formalities and Inefficient system - According to the Chief Justice of India, there are over 40 million cases outstanding in subordinate courts in India, which illustrates the slow pace of case processing. Even with th...