The status of the claimant being represented by a licensed attorney on a contingency fee basis.
Context on Express Legal Funding
Having attorney representation is a fundamental requirement for securing pre-settlement legal funding. This means that the claimant must be actively represented by a licensed attorney working on a contingency fee basis. The attorney plays a vital role in the funding process, primarily by facilitating the repayment of the legal funding advance upon successful resolution of the case. While some sources might suggest otherwise, lawyer sign-off is an industry standard for legal funding.
Significance: Required for funding; attorneys facilitate repayment upon case resolution.
