Lawyers presenting a winning case at trial follow the adage: “Show, don’t tell.” Following that rule, Cartiga has published articles over the past year showing the winning case for Cartiga’s consumer legal funding based on legal and economic research.
Here is a summary of what those articles show, with links to the full content and citations..
The Undisputed Benefits of Cartiga’s Consumer Legal Funding
Legal and economic research shows definitively that Cartiga’s consumer legal funding delivers compelling benefits to claimants pursuing legal claims. In short, Cartiga’s funding:
- Provides claimants with a critical financial lifeline for living and medical expenses that cannot wait.
- Enables claimants to receive higher recoveries on their legal claims than they would otherwise (even insurance companies concede this!).
- Ensures that claimants receive the medical treatment they need and establish admissible evidence of their economic damages and pain and suffering. (This “medical funding” benefit is significant for plaintiffs in states like Florida to address new tort reform law evidentiary requirements.)
- Permits lawyers to optimize returns by using funding to calculate the time value of money in their cases; that is, the value of recovering money in a settlement today compared to receiving that money in the future.
- Provides these benefits to consumers through a non-loan transaction: consumers keep the funding no matter the case’s outcome, are not obligated to make regular repayments, and are not subject to any negative credit consequences of a loan.
Why the Benefits of Cartiga’s Consumer Legal Funding Outweigh the Costs
Despite all these compelling benefits, critics (often aligned with insurance companies) complain about the costs of consumer funding.
The research rebuts these complaints, showing that the benefits decidedly outweigh the costs and that other available sources of money for claimants are considerably more expensive and can have very negative credit consequences.
The legal and economic experts also show that critics’ concerns are outweighed for two more reasons:
- The costs are justified by the risks of providing funding assumed by Cartiga
- Cartiga focuses intensely on managing the costs for optimal results.
Critics finally object to the funding companies’ ultimate share of recoveries on legal claims. However, the proper calculation of the funding companies’ real share of recoveries — based on the fees accrued on funding, not on the funded amount plus the fees – shows more accurately that Cartiga’s typical share of recovery is quite reasonable.
Conclusion
Don’t let us tell you. Let us show you. The links above show the winning case for Cartiga’s consumer legal funding based on the legal and economic research. That research lays out why Cartiga is a trusted partner for consumer funding and why consumer legal funding can help optimize recoveries on legal claims!
