Legal Pay

In the realm of legal battles, the cost of pursuing justice can be a substantial barrier for individuals and businesses alike. However, a revolutionary solution has emerged in recent years that's changing the landscape of litigation – Third Party Litigation Funding. Commonly referred to as litigation finance or legalpay, this innovative concept is transforming how cases are funded and providing access to justice that was once considered out of reach. Understanding Third Party Litigation Funding Third party litigation funding is a practice where a financially independent third party, often a specialized firm, provides funding to cover the costs associated with a legal dispute in exchange for a share of the potential settlement or award. This arrangement not only levels the playing field for individuals who may not have the financial resources to pursue a case but also allows businesses to mitigate the financial risks associated with litigation. The Mechanics of Litigation Fin...

How Litigation Funding Can Help You Pursue Justice Without Financial Risk Or The Dos and Don'ts of Working with a Third Party Litigation Funder Or Litigation Funding: A Win-Win Solution for Claimants and Litigants “Litigation finance is the new email, not knowing what it is or how it works is simply not an option.” Litigation funding , also known as third-party funding (TPF), has become a vital tool for businesses of all sizes to manage the financial risks associated with legal disputes. Contrary to popular belief, litigation finance is not just for underdog battles but serves as a valuable resource for all parties involved in high-stakes litigation. In recent years, the global litigation finance industry has grown exponentially, offering support to both underdogs and well-backed parties in need of financial assistance. It is significant to note that TPF stands acknowledged for civil suits under Order XXV Rule 1 of CPC. Further, the Indian judiciary has discussed TPF agai...

Introduction Third-party litigation funding (TPLF) is an arrangement whereby a third party, usually a professional investor, provides finance to a claimant or litigant in return for a share of any damages or settlement awarded by the court. It has been gaining prominence in recent years as it provides an opportunity for individuals to pursue legal claims without bearing the financial burden of litigation costs.  In India, TPLF is still at a nascent stage. There are very few players offering this service, and most of them are start-ups. The industry is highly unregulated, as there are no specific regulations governing this sector. This article will discuss the current scenario of third-party litigation funding in India and its potential future. Developments in the Recent Time There has been a growing trend towards third-party litigation funding in India over the last few years. This has been driven by various factors, such as increasing awareness among litigants about their...