Home LOCAL NEWS & POLITICS Opinion: Lawsuit Financing a Major Problem in Florida

Opinion: Lawsuit Financing a Major Problem in Florida

by TheOviedoVoice

Offering extra funding for our justice system has changed into a bipartisan concern. From cops on the beat to defenders within the courtroom, lawmakers are lastly recognizing that chopping corners yields poor service to our communities.

However there is a major problem that’s lurking within the shadows that’s threatening all the authorized system in Florida–lawsuit financing.

It’s change into a giant enterprise in Florida, with some lenders offering thousands and thousands of {dollars} to plaintiffs in private harm instances. Lawsuit financing is a comparatively new phenomenon, nevertheless it’s already having a profound impression on our authorized system.

In idea, lawsuit financing feels like a good suggestion. It permits individuals who would possibly in any other case be unable to afford to pursue a authorized declare to get the cash they should rent an lawyer and see their case via to completion. Nonetheless, in apply, lawsuit financing is driving up the price of litigation and resulting in extra frivolous lawsuits.

The rationale for that is easy: Florida has among the most beneficiant legal guidelines within the nation relating to private harm claims.

In consequence, many individuals at the moment are utilizing lawsuit financing to get cash to pursue bogus claims. This not solely drives up the price of insurance coverage for everybody in Florida, nevertheless it additionally clogs up the courts and undermines the general public’s religion within the authorized system.

With a view to defend shoppers and companies, Florida lawmakers must take steps to limit or ban lawsuit financing. In any other case, the state will proceed to be a hotbed for frivolous litigation.

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