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No-Fault Insurance: a Personal Injury Primer

“Republished with permission from Legal Funding Central“ In spite of the caution that we take in our daily lives, accidents happen. When cars are involved, they happen in excess of five million times each year in the US. Though fault may be clear in many collisions, it can be more difficult to demonstrate in others. Proving liability…

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Caveat Emptor: Legal Funder Beware

“Republished with permission from Legal Funding Central“ Caveat emptor: let the buyer beware. It’s not often that a legal phrase enters the common vernacular — and it happens even less often when that phrase is in Latin. But this one has, and for good reason: it’s great advice. Whenever you make any kind of purchase, you…

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Meet The Computer System That Decides Your Insurance Settlement

“Republished with permission from Legal Funding Central“ At Legal Funding Central, we deal with many different shades of litigation—commercial, employment, discrimination, and everything in between. But among the most common lawsuits we encounter are personal injury cases; more often than not, the plaintiffs are victims of motor vehicle accidents. This should come as no surprise, given the alarming frequency…

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Why Disadvantaged Plaintiffs Settle Too Soon

“Republished with permission from Legal Funding Central“ The 6th Amendment to the U.S. Constitution provides that “in all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, by an impartial jury.” Nevertheless, 93% of federal criminal cases in 2013 ended with a plea bargain, a method of negotiation that does not…

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Legal Funding is NOTHING like Payday Loans

“Republished with permission from Legal Funding Central“ On Monday, NY state prosecutors brought criminal charges against Carey Vaughn Brown, who owned a syndicate of payday loan companies that were violating state usury laws by charging outrageous interest rates to borrowers. Such loans were clearly illegal in NY, and Mr. Brown setup over 12 subsidiaries around the world to…

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Risky Business: Why Usury Doesn’t Apply to Legal Funding

“Republished with permission from Legal Funding Central“ Insurance companies and other critics of legal funding allege that it is a usurious practice, and they are wrong for a very simple reason we’ve discussed at length: legal funding is not a loan but an investment. As an investment, it is indeed more expensive than a traditional loan…

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Victoria Shannon Discusses The State of the Legal Funding Industry at Home and in International Arbitration

“Republished with permission from Legal Funding Central“ Victoria Shannon is an Assistant Professor at Washington & Lee School of Law and the co-author of the 2012 book “Third Party Funding in International Arbitration.”  Her research for the book included a 51-jurisdiction survey of legal funding laws in the United States, meaning she probably knows more about America’s byzantine…

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How Attorneys Can Help Set Proper Expectations About Legal Funding

“Republished with permission from Legal Funding Central“ By and large, attorneys report that they understand that legal funding is an important option for their clients and have seen firsthand how it helps their clients remain patient while waiting for a fair settlement offer. But many attorneys still gripe about legal funding.  Attorneys want cases to end…

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Does Attorney-Client Privilege Cover Legal Funders?

“Republished with permission from Legal Funding Central“ When a legal funding company is reviewing an application or tracking the status of a case they have already invested in, they typically require important case documents and conversations with the attorney on the case. In many instances, funders do not need confidential information that is covered by attorney-client…

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