Group litigation is not a brand-new concept, however it has been becoming more and more visible in the UK. It refers to the method for individuals with the same, if not just similar, complaints to join together against whoever has wronged them. This is becoming a popular option among civilians, as it avoid the many problems that arise when you file their own separate claims.
It is a great way for individuals to pool together their knowledge and resources in order to make a stronger claim. Think of it s strength in numbers as they can weave together their statements and make a stronger case for themselves. It also helps them save money as they can split up the legal costs, rather than having just one person shoulder it.
By teaming up, group litigation is a great way for regular people to go up against bigger corporations who may have years of experience and skilled attorneys at their disposal. It’s common that people will just choose to brush aside their complaint since they think it’s a lost cause against large entities but, with group litigation, they are empowered to fight for their case.
Entering litigation can be an intimidating experience for many, but group litigation is a David meets Goliath scenario if you face off corporations with deep pockets. With the individuals who join together and utilise their collective strength and resources, there’s a better chance of coming out with a win.
By being part of a group, the legal advice and the documentation is shared and spread among the group. Compared to having individual litigators, the group litigation will be able to put heads together and come up with a foolproof case that will give you the best chances in court.
One thing that you should learn in group litigation is litigation funding. It is also sometimes referred to as litigation finance, and it covers a wide variety of definitions. In a nutshell, is denotes the provision of a capital from a third-party litigation funder or plaintiff in the litigation.
The reason why they do this is that the litigation funder will be able to receive a portion of what the plaintiff will recover. Litigation funding is an attractive feature since litigation or arbitration can be somewhat expensive for both parties of the case.
Litigation funding features a sort of specialist funder who will finance some, or sometimes all, of a claimant’s legal dues that they will incur during a dispute. If the case comes out with a win for the claimant, the financer will be able to receive a portion of the damages rewarded, and if the case loses, the financer will lose their initial investment.
These litigation funding businesses are well-experienced in the area, and may even be utilising a group litigation software to help keep track of information. This effective management of data, coupled with their expertise, is the reason why they are becoming a popular option among claimants.
In the UK, the market for litigation funding has been steadily and noticeably on the rise in the recent years. This is because courts have decided to be more lenient and accept funding arrangements in order to provide people with an easier access to justice.
Litigation funding is a now-common feat in commercial dispute resolution. The most notable figureheads in litigation funding are now working towards global capacity, and providing a diverse range of jurisdictions and matters that they choose to invest in.
If you’re part of a group litigation and are considering seeking litigation funding, be sure to find one that has the experience and expertise to help you find the best solution.