24 April 2014
San Francisco, CA/April 2014
Funding civil litigation for Alan Zimmerman, founder and CEO of Law Finance Group, has been more than a job over the last 20 years…it has been a moral obligation. “The last line in the Pledge of Allegiance, something I took note of very early in my life, calls out to me every day in my work – ‘liberty and justice for all’. This is not the system we work in though; civil justice is not set up for ‘all’. It is an imbalanced scale tilting towards the rich and well connected.”
Alan Zimmerman isn’t the only person, in and out of the courtroom, who agrees that litigation funding is a necessary option for the many who are disadvantaged. New York Supreme Court Justice Eileen Bransten stated in her December 2013 opinion in Lawsuit Funding LLC v. Lessoff, “There is a proliferation of alternative litigation financing in the United States, partly due to the recognition that litigation funding allows lawsuits to be decided on their merits, and not based on which party has deeper pockets or stronger appetite for protracted litigation.” More recently, in the January 2014 Miller UK Ltd v. Caterpillar Mag. Third-Party Judge J. Cole stated clearly that without litigation funding plaintiff’s lacking resources to sustain a long fight would be distinctly Friends disadvantaged.
Law Finance Group has weathered cheap nba jerseys many storms throughout its 20-year history, and many You adversaries. “In 1994 I could count the people doing litigation funding on one hand. There are dozens now,” Alan reflected. “We have been successful because our focus has remained on providing flexible personalized funding facilities – focusing on the individual rather than a mass production line.” LFG advances funds in class action cases, judgments on appeal, cases on remand, complex settlements and estates. LFG recently added to their offering a portfolio funding facility as a way for attorneys to monetize a portion of their expected receivable fees from their portfolio of pending cases.
Over the last 20 years one thing has remained constant though, LFG is still fighting for the little guy. “I hear again and again from attorneys and their clients their overwhelming anxiety at facing the long battle against a larger foe, similar to what David must have felt when he faced Goliath. The odds are stacked against them,” Alan added. “What we try to provide is one extra stone to use in their sling when facing their opponent.”
Malcolm Gladwell in his most recent bestseller, David and Goliath – Underdogs, Misfits, And The Art Of Battling Giants said “…the fact of being an underdog can change people in ways that we often fail to appreciate: it can open doors and create opportunities and educate and enlighten and make possible what might otherwise have seemed unthinkable. We need a better guide to facing giants.” LFG’s funding facilities are clearly providing a way through the litigation maze. “Whether it is a plaintiff facing the largest oil corporation or the solo practitioner competing for the client against a Fortune 500 law firm, LFG has provided over $325M in capital towards thousands of cases,” Adds Alan said.
“The biggest challenge LFG faces now are the naysayers who want litigation funding to go away,” Alan added. “People who believe that litigation funders are encouraging litigation or partnering in the case have it wrong. We don’t want control of the case, or to be a part of negotiating a settlement. We won’t fund frivolous cases or we would be out of business. And we aren’t out to bankrupt winning litigants with extraordinary interest and fees otherwise no one would use us. Litigation funding is an arduous, methodical process that we at LFG take very seriously. We are attorneys who understand the business of being an attorney.”
Law Finance Group, a California Licensed Lender based in the Tobacco San Francisco Bay Area is celebrating their 20-year Anniversary in April 2014. They have announced a new website with a That new wholesale nba jerseys branding campaign. As a leader in litigation funding, Alan is working with other industry leaders to bring cheap nfl jerseys direction and BP clarity to third party litigation finance, which includes a “Code of Best Practices” . “Twenty years from now,” Alan concluded, “I hope I can look back and say that I had a hand in leveling the scales in this great industry we call civil justice.”