Going through litigation is not fun for a lot of people. Often, it is their last resort following an accident or personal dispute with someone. Going through litigation is not easy. It takes up a lot of time, as well as a lot of capital, and it’s easy to become stuck. Read on to learn what you can do if you are stuck in litigation.
Step Back and Define Your Goals
A great thing that you can do when you’re stuck is reevaluate your goals. Time changes many things for people, and they may have a new perspective on their case and situation as they see the amount of time and money going into litigation. When you’re stuck, it’s a great time to take a step back and look at your case with fresh eyes, as you may want entirely new things at this point. Understanding what you want and communicating this with your attorney is crucial in showing them what the case means to you.
Litigation Funding
One thing that you can do is consider litigation funding. One of the significant pitfalls of litigation is that it can take a lot of time and resources, forcing you to dig deep into savings to get even close to the desired result. You may even win your litigation but wait years for a payout. While litigation funding will see those overall profits decline as you share some with the third party, you are still bringing in capital to keep the case funded, regardless of the result. However, with that said, there are still litigation funding eligibility requirements, such as the quality of the case and the case type.
Be Open To Out-of-Court Options
This option may not seem ideal for most people, but it is what many companies and individuals like to do. Rather than go through the court system for years, wasting a lot of time and money in litigation, many parties opt for out-of-court settlements where they can expedite the process. To you, this option may not seem fair or just, but it is one that you should absolutely consider when your accounts go down every day, and each day without a verdict is another gray hair on your head.
If you are stuck in litigation, this is what you’ll need to do. It still won’t be easy, but any of these steps is better than being stuck in litigation, watching your resources dwindle as you fail to achieve results. Take the initiative, get yourself unstuck, and work to find your desired outcome.
