The Legal Finance and Legal Financing Approval Process
Oasis Legal is the foremost source for litigation funding.
There's no risk. If you are approved for litigation funding, you repay only if you win a settlement.
Several key factors make a case "investment grade" suitable for litigation funding.
Damages. In personal injury cases, these are generally severe injuries that require time off work and other obligations.
Liability. It must be clear that the defendant has strong liability for causing the damage. Liability is a key factor in our decision to offer a litigation funding.
Ability to Pay. The defendant must have the ability to pay damages through insurance or other means. If the defendant can't pay a settlement, we can't offer litigation funding.
Contingent Attorney Fee. Your attorney must be compensated from the proceeds of the case rather than a retainer or hourly fee. He or she must be willing to assume the risk of winning the case to be paid for services, just as Oasis is to be repaid for the litigation funding.
Sufficient Margin for Investment. When deciding whether to extend litigation funding in your case, we consider what other expenses will be paid from the proceeds of the settlement. These may include medical bills and liens. We check public records to find liens on cases we are considering for litigation funding. We need to assure ourselves there will be sufficient funds available for all parties.
Background. We check records to make sure any past legal proceedings of the applicant are discharged or explainable and will not affect the outcome of the current lawsuit before we authorize litigation funding.
State of Residence. Oasis is able to extend litigation funding in most states.
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