Q: “We think we have a good claim but, given present circumstances, we do not have a legal budget to spend. Are there any options?”
May 6, 2020
Given the financial pressures on so many businesses right now, paying a lawyer to litigate a potential claim may not be the best use of your assets. You do have a few alternative options. The first is the ask your lawyer whether she will consider taking your case on a “contingency” basis, meaning that you don’t pay anything unless you prevail, in which case a percentage is paid to your lawyer. Another option is to investigate litigation financing companies that act as lenders on litigation. A third option is to wait. Ask your lawyer what is the applicable statute of limitations on your case. That will tell you how long you have to file a claim.