Nevada Pre Settlement Funding & Lawsuit Loans

Why Is Lawsuit Funding Illegal In Nevada?

Lawsuit funding, also known as legal funding or litigation financing, can be a valuable resource for individuals involved in legal disputes. However, navigating the legal landscape surrounding lawsuit funding in Nevada is not possible due to specific laws that prohibit its availability. In Nevada, there is a law that makes it illegal for a third party to provide lawsuit funding, commonly referred to as “third-party litigation funding” or “non-recourse loans.”

This rule states that lawyers are not allowed to share fees with non-lawyers, which includes any arrangement where a non-lawyer provides funding for a client’s lawsuit in exchange for a share of the settlement or judgment amount. The purpose of this rule is to maintain the integrity and independence of the legal profession by preventing conflicts of interest and ensuring that decisions made in legal matters are in the best interest of the client.

The rationale behind the prohibition on third-party lawsuit funding in Nevada stems from concerns about potential unethical practices and interference with the attorney-client relationship. Opponents argue that allowing non-lawyers to provide funding could lead to conflicts of interest, compromised legal strategies, and undue influence on the outcome of the case. By maintaining strict regulations on lawsuit funding, Nevada aims to preserve the integrity of its legal system and protect the interests of plaintiffs.

However, the prohibition on third-party lawsuit funding can create significant challenges for individuals seeking financial support during the course of their legal cases. Lawsuits can be lengthy and expensive endeavors, often resulting in financial hardships for plaintiffs who may require immediate funds for medical bills, living expenses, or legal costs. Without access to lawsuit funding, individuals involved in legal disputes in Nevada may face difficulties in obtaining the necessary resources to pursue their claims fully.

It is important to note that while third-party lawsuit funding is restricted, there are alternatives available to plaintiffs in Nevada. Plaintiffs who need money now may explore other options such as personal loans, borrowing from friends or family, or seeking financial assistance from charitable organizations. Additionally, attorneys may offer contingency fee arrangements, where they only receive payment if the case is successful, alleviating some of the financial burden for plaintiffs.

Lawsuit Funding In Nevada By City

^{The largest cities in Nevada are Las Vegas, Henderson, North Las Vegas, Reno, Enterprise, Spring Valley, Sunrise Manor, Paradise, Sparks, and Carson City.}

^{TriMark Legal Funding no longer offers pre-settlement loans or post-settlement loans in any part of Nevada including Alamo, Amargosa Valley, Austin, Baker, Battle Mountain, Beatty, Beowawe, Blue Diamond, Boulder City, Bunkerville, Cal Nev Ari, Carlin, Carson City, Cottonwood, Cove, Crescent Valley, Crystal, Crystal Bay, Dayton, Deeth, Denio, Duckwater, Dyer, East, Elko, Ely, Ely Empire, Eureka, Fallon, Fallon NAS, Fernley, Gabbs, Gardnerville, Genoa, Gerlach, Glenbrook, Golconda, Goldfield, Goodsprings, Halleck, Hawthorne, Henderson, Hiko, Imlay, Incline Village, Indian Springs, Jackpot, Jarbidge, Jean, Lake Tahoe, Lamoille, Las Vegas, Laughlin, Logandale, Lovelock, Lund, Luning, Manhattan, Mc Gill, McDermitt, Mercury, Mesquite, Mina, Minden, Moapa, Montello, Mount Charleston, Mountain City, Nellis AFB, Nixon, North Las Vegas, Oasis, Orovada, Overton, Owyhee, Pahrump, Panaca, Paradise Valley, Pioche, Rachel, Reno, Round Mountain, Ruby Valley, Ruth, Sandy Valley, Searchlight, Silver City, Silver Springs, Silverpeak, Smith, Sparks, Spring Creek, Stateline, Sun Valley, Tonopah, Tuscarora, Valmy, Verdi, Virginia City, Wadsworth, Wellington, Wells, Wendover, West Wendover, Winnemucca, Yerington, and Zephyr Cove.}