Comments on: Legal Funding Provided by AnyLawsuits http://www.legalandrew.com/2007/08/12/legal-funding-provided-by-anylawsuits/ law for the rest of us Tue, 16 Mar 2010 16:18:02 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Andrew Flusche http://www.legalandrew.com/2007/08/12/legal-funding-provided-by-anylawsuits/comment-page-1/#comment-32533 Andrew Flusche Thu, 16 Aug 2007 03:31:55 +0000 http://www.legalandrew.com/2007/08/12/legal-funding-provided-by-anylawsuits/#comment-32533 Hi Jack, My guess is that it's a combination of a high interest rate, combined with a good estimate of your actual recovery chances. It's similar to the way contingent fees work - attorneys get good enough to balance the risks and ensure they are bringing in more money than they're spending on the losers. Andrew Hi Jack,

My guess is that it’s a combination of a high interest rate, combined with a good estimate of your actual recovery chances. It’s similar to the way contingent fees work – attorneys get good enough to balance the risks and ensure they are bringing in more money than they’re spending on the losers.

Andrew

]]> By: Jack Payne http://www.legalandrew.com/2007/08/12/legal-funding-provided-by-anylawsuits/comment-page-1/#comment-32532 Jack Payne Thu, 16 Aug 2007 03:05:45 +0000 http://www.legalandrew.com/2007/08/12/legal-funding-provided-by-anylawsuits/#comment-32532 Don't owe anything, if no recovery? Novel service, but it's hard to believe that failures would be "off the hook." Must be either one of two things, a sky-high interest rate, or some kind of transparent, omniscient magic ball that can confidently predict that there will be recovery. If adequate explanations can be rendered it's hard to see how anybody could miss with this kind of service. Don’t owe anything, if no recovery? Novel service, but it’s hard to believe that failures would be “off the hook.” Must be either one of two things, a sky-high interest rate, or some kind of transparent, omniscient magic ball that can confidently predict that there will be recovery.

If adequate explanations can be rendered it’s hard to see how anybody could miss with this kind of service.

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