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by evashang 3204 days ago
Litigation finance is like a contingency arrangement - if you file the case and the judge dismisses it, there's no risk to you. But if you do file the case and win $1000, we'll recover alongside you.
1 comments

FYI - when you dodge the question this way, you look as bad as equifax. What is in it for you? Do you take a percentage of the judgement?

I'll probably end up paying a lawyer to advise me on the best way to get back at Equifax. But, I'm not going to do business with you because you're shady and won't disclose your interest in this case.

What is in it for you? Do you take a percentage of the judgement?

Just because you don't know how lawyerin' works is no excuse to be insulting. They take a contingency, like every other friggin' lawyer on the planet. (No financial interest, don't know the founders from Adam, yada, yada)

Con-artists are the only people who want you to think that it's insulting to ask them how they are compensated. I've worked with plenty of lawyers over the years and none of the ethical ones have ever balked at explaining their fee structure.

The class against Equifax is huge and you should absolutely be aware that less than ethical lawyers are going to come out of the woodwork making all sorts of promises so that they can get their slice of what Equifax is going to pay out. The lawyers that I want to work with will either charge me an hourly fee or they will be upfront that my involvement in a class means that I'll be helping to punish Equifax but that I'll be forgoing most damages to do so.

> take a contingency, like every other friggin' lawyer on the planet.

Actually, there are countries where lawyers don't (and legally can not) take contingency fees.

Not allowed to advertise, either.

Admittedly that is a U. S.-centric viewpoint incorrectly extrapolated to the world. I'm calling"literary license". Thanks for the correction.
Hey! As you'll find on our website, we take a third of the judgment as a contingency stake, as per our usual practice.
It doesn't say that anywhere on the website. The language used is specifically vague to accommodate a wide range of fee percentages.

"Legalist funding varies from case to case, depending on your case details and our risk assessment outputs. Apply now to get a rate!"

Do you have a link? I looked over your website and I found no information about you fees.
He did answer your question.

"But if you do file the case and win $1000, we'll recover alongside you"

That really doesn't answer my question. If I win $1000, how much do I then owe? I'm cool with not recovering anything but I don't even know if my liability is capped at the judgement against Equifax.

It's funny how many people are upset by my comment. The only thing I can say is that, when I hire a lawyer, the point is to have them clarify the law for me and translate it into plain english. If a lawyer won't even put their own fees into plain english, I don't believe they are working for me so I won't hire them.

Oops. I thought about that after I submitted the comment, but the app I was using doesn't give me the option to edit the comment.