The approximate potential value of the claim based on damages.
Context on Express Legal Funding
Estimated case value is a crucial factor in pre-settlement legal funding because it helps determine the potential return and risk associated with a case. Legal funding companies assess this value by considering factors like the severity of injuries, medical expenses, lost wages, and liability. A higher estimated case value generally allows for a larger funding amount, as it suggests a greater likelihood of a substantial settlement or judgment. This projection of the claim’s worth directly influences the funding options available to plaintiffs awaiting settlement.
Significance: Funding amounts depend on this projected recovery.
