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How does third-party litigation differ from standard lawsuits?

Third-Party Litigation differs from standard lawsuits because it introduces an external funder who finances the legal process in exchange for a share of the final settlement or judgment. In a traditional lawsuit, the plaintiff or defendant is solely responsible for paying legal fees and court expenses. However, in Third-Party Litigation, the financial burden is shifted, making it easier for individuals and businesses to pursue valid claims without upfront costs. This model is especially beneficial in complex or high-value cases where legal expenses can be overwhelming. Unlike standard lawsuits, third-party involvement raises unique considerations such as funding agreements, ethical rules, and confidentiality requirements. Third-Party Litigation provides greater access to justice, reduces financial risks, and ensures that strong cases are not abandoned due to lack of resources, setting it apart from conventional legal disputes.