Accept it or not, litigation funding has become a piece of the litigation process in the United States. This is a spectacle that seems to have risen causing the world's largest litigation market to attract potential and prospective investors.
This concept is quickly catching on and believe it or not, litigation funding is here to stay and this is why; lawsuits are expensive. Litigation financing can help avoid financial problems for the duration during which the lawsuit will be pending, which normally takes months and in some cases, even years.
The funding can also be used for personal benefits and to benefit others as well. For example, you can keep your child in school and even be able to pay for child support with litigation funding.
In addition to this, the funding can also be used for surgical procedures for plaintiffs who are unable to pay for their expenses thus getting the needed medical procedures to improve or save their lives.
Golden Pear funding, which was founded by Jeff Cohen, is one of America's largest firms within the industry, which allows plaintiffs and attorneys to avoid financial disasters by giving them peace of mind as they continue with their lawsuit.
Moreover, another reason as to why litigation funding is here to stay is because people who may not previously have had access to loans are now guaranteed legal financing. This means that many plaintiffs who do not qualify for traditional credits and loans can qualify for legal funding.
As a result of this, lawsuit funding or litigation funding becomes attractive and appeals to anyone that is in litigation because they are not able to get the money they need.
Fact is, before legal financing, many litigants (plaintiffs) had no choice but to settle their legal cases early for cheaper costs so that they could at least minimize their financial troubles. In most cases, plaintiffs would face companies that were in no hurry to settle their cases as early as needed. Luckily, with the rise of legal funding, plaintiffs now have a reason to celebrate. This is because legal funding relieves financial pressure and is also a guarantee to better and fair settlements.
About Jeffrey Cohen - Golden Pear Funding
Jeffrey Cohen, Founder and CEO, has 8 years of experience in the same position at Golden Pear Funding, one of the top three national legal advance companies in the United States today. Mr. Cohen is also President of the Cohen Group, a private equity company managing a variety of investments and President of Operations for General Vision Services.
Jeffrey Cohen is the successor of the New York City's famous Cohen's Fashion Optical. Today, there are over 100 Cohen's Fashion Optical stores in major mall and city locations throughout seven east coast states and Puerto Rico. Learn more at http://www.goldenpearfunding.com