Getting Funds for Hiring a Lawyer

If you require legal assistance urgently, with filing a compensation claim for instance, you’ll either need to source a law firm that provides conditional feel agreements, essentially a ‘no win no fee’ arrangement, look at your options concerning legal aid, or raise the funds to hire a solicitor. Moreover, although you might think to yourself ‘Do I really need a solicitor?’ – don’t think that you can represent yourself alone. 

Before you start raising funds...

If you’re looking at filing a compensation claim – before you start selling your possessions – give some thought to your options regarding legal representation and the compensation claim you’re thinking about filing. Firstly, do you even have a claim? This is something to discuss with not one, but at least two, solicitors before you start getting your hopes up and begin raising the funds required to access legal representation, which if you pay for out of your own pocket could be extremely expensive, and due to the nature of filing such claims, somewhat risky.

Once you’ve discussed your case with at least two legal professionals and have established that you indeed have a claim, then start to look at your least expensive (free) options, and here in the UK that’s legal aid. This however, is no longer an option for most claimants because starting on 1st April 2013, legal aid is now only available in clinical negligence cases pertaining to childbirth, for example, where a child suffers a neurological injury that results in severe disabilities during pregnancy, during birth or during the postnatal period.

Raising the funds for legal representation

If you’ve no options remaining then you’ll need to raise the funds you require by other means, and you’ve actually got a few that are worth exploring further, and no, taking your valuables to the local pawnbroker’s isn’t one of these – there are much better ways to raise the funds you require for legal representation than losing your valuables. If you don’t think that the funds required for legal representation will exceed the limit on a credit card then this is an option – provided you’re still working and have a regular income coming in. If you’re paying for a solicitor’s services on an hourly basis then this is a realistic option, plus you won’t need to max out your credit card in most cases, you can simply put the bill on your card and pay it off each week or month, whatever’s more convenient for you.

A personal loan is also an option, provided that you won’t give in to temptation and spend it on something far more enjoyable – perhaps apply for a separate savings account to bank the funds in so as to keep it just for legal representation, like Mintons clinical negligence compensation claim assistance, charged on an hourly basis at competitive rates. Payday loans and similar products are also accessible and would serve the same purpose, though if at all possible apply for a personal loan with a competitive interest rate through a reputable lender, you’ll find that you repay a lot less in interest, plus their repayment frequency and term length options are also more competitive.

You’ll find that many law firms offer payment plans to make their legal services easier to afford to those who’d like to budget and pay back an agreed upon amount on a regular basis. If you can find a law firm that offers this arrangement and their services are reputable, then this might be the best option available to you, one that can help you avoid incurring debt to pay for legal representation, which is always advantageous.

About the Author:

Started in 1998, Mintons Solicitors is a law firm operating across the UK. To know more about Mintons clinical negligence claim services, you may visit their offices in Leeds.

Lexis Nexis Provides Documents to Professionals

Lexis Nexis Since its founding in 1977 — long before the World Wide Web came along — Lexis Nexis has been serving lawyers all around the world by providing them with a database that they can use to refer to legal and journalistic documents. 

Millions of people who work in the legal profession rely on Lexis for the information that they need on various topics — bankruptcy law, family law, torts, crimes and everything else. And more than 15,000 people are employed by the company. 

What Lexis provides 

The innumerable products available from Lexis include publications in the forms of loose leaf files, newsletters and online texts that are updated as often as necessary. On the subject of bankruptcy, for instance, there is a loose leaf file also available online that covers the following subjects: 

• causes and consequences of bankruptcy prior transactions distribution  
• priorities discharge 
• annulment bankruptcy-free arrangements trustees acts
• regulations regarding bankruptcy
• legislation related thereto rules federal court forms
• forms approved by the ITSA affidavit precedents 

In all, there are five documents in the Australian database under the subject of “insolvency and bankruptcy.” 

Lexis also provides extensive support and training for researchers in the form of video and audio recordings.

How a Commercial Lawsuit Loan Can Keep Your Business Afloat

 (Photo credit: Wikipedia)

Nowadays the costs of court litigation are really high which means that a commercial lawsuit will definitely make a great difference to your company. Before understanding how this can help you to keep your business afloat you need to know what a commercial lawsuit is all about.

What is commercial lawsuit?

Commercial lawsuit is basically any kind of legal controversies which are associated to business concerns. It covers all kinds of conflicts in business and comprises of various heads which includes cases like Employment disputes, disbanding of business, issues related to franchisees, shareholders, and partnerships, payment disputes, collection of debts etc. That is not all. There are various issues related to commercial lawsuits.

Description of a commercial lawsuit loan

It is also important to know the working of commercial lawsuit finance to measure the true value of the loans. There are various types of financial institutions who offer commercial loans for lawsuits. They offer the money with the belief that the client will win the battle they are fighting. If you are the one who is strangled in the battle you can always approach a lawsuit firm who will help you out considering the merit of your case. 

Depending on that they will pay you good amount of money in advance. The money needs to be paid back if you have won the case. Sometimes if they feel you are on the weaker side, they charge a fee along with the advance money.

Why you should not always hope of winning the game

It is not always necessary they you win every case. Your case might be strong but at the same time it needs to give good amount of time to win. Judicial cases take a long time to fight a legal battle and then win because of the lengthy court procedures. There are numerous businesses that have a chance of winning; however they are bankrupt by the time they are on the verge of a judgment. The ongoing costs of litigation are really expensive if it is a long drawn battle and most of the people cannot go by the same.

Good enough for you to suffice

The law firm understands the merit of your case and depending on the same they pay you an advance. This will definitely help you to fight your case.

Protecting a multiplicity of requirements

Since you are dealing with businesses, your firm can get occupied in numerous legal disputes. However the commercial law firms give you advance money for certain selective disputes such as disputes in real estates, copyright violation claims, infringement and any others.

You can use it for your own purpose

The advance money which the lawsuit firm offers to your company can be used by your company for their own lawful business requirements during the pendency of the case. This is what helps your company to keep afloat during the pendency of the case.

As per the researchers from Logbook Loans, the money can be used by you to increase your business as well as pay off the employees of the companies. So though you are under a legal litigation, you are not being stopped from expanding your business. You have all the scope to grow as a good business firm. This is how a commercial lawsuit loan can always help you to keep your business afloat and help you to expand your business.