Like any business, legal practices require financial resources. Expenses like utilities, rent, and staff wages need to come from somewhere, but you don’t want to pay out-of-pocket if you can help it.
Fund Capital America may be the solution for your needs. FCA provides lawsuit funding for law firms, available for any personal injury case based on need and the facts of the case. Whether it’s a construction accident or a product liability lawsuit, we may be able to provide you with the cash flow to run the office while the case plays out.
How Lawsuit Funding Empowers Law Firm Growth
A shortage in cash flow can mean fewer growth opportunities. Applying for legal funding helps you bridge the gap between expenses and payment, so you don’t have to wait to receive the necessary working capital.
Your firm’s financial needs must be met, whether you have funds coming in regularly or not. Our litigation funding services may be the solution. We offer non-recourse capital backed by your expected settlement proceeds without the need for monthly payments.
We also offer law firm lines of credit, which only require low monthly interest payments. This frees you up to run your office as usual, even when the money isn’t coming in regularly.
When you aren’t worrying about when the next settlement will conclude, you can offer legal services on a contingency fee basis. This allows you to take on more clients and keep each case going until it settles.
With lawsuit funding, your law firm can achieve the following.
Take on high-value cases
Legal funding gives your law firm all the cash you need to cover various legal expenses, including expert witnesses, depositions, travel, administrative costs, and more. This freedom attracts higher-value cases with bigger payouts in the long run. The funding covers all the case expenses, so you’ll be able to focus on the job with plenty of time to get the client the compensation they deserve, with reduced pressure to settle for less than is warranted.
Expand your caseload
Many people needing legal aid find the concept of paying in advance for legal services impossible. A client may end up dropping their lawsuit early due to money issues. The ability to accept contingency-fee cases and flexible payment options without draining your own resources allows you to take on more of these cases and take your time prosecuting the case. Clients can continue with the case without feeling pressure to settle early for less, and you can use the extra working capital to pursue a higher payout.
Invest in your firm
Lawsuit funding can provide more working capital for law firms, allowing your firm to grow as you upgrade tech, hire additional staff, and purchase new office equipment and legal software. Improving your cash flow closes the gap between payouts so you can manage your business expenses while investing in the firm’s future through marketing campaigns, high-quality customer service, and retaining top employees.
Beyond Case Costs: Benefits of Lawsuit Funding
Along with case cost funding, lawsuit funding is an excellent way to keep your business running without the high fees of a traditional bank loan or line of credit. We know it’s not always easy to predict how a case will end up. Using expert knowledge, we’ll examine the details to determine how much we’d be willing to loan upfront.
Other benefits of lawsuit funding are that it provides ongoing cash flow so you can continue with revenue-generating activities, and you won’t have to invest any personal savings into your business.
We determine non-recourse investments on a case-by-case basis, and we’re not paid out of pocket by you or your client. We comply with all State Bar of California laws, such as:
- Lawsuit funding can’t interfere with a lawyer’s duty to clients
- The funder can’t control the litigation process in any way
- The funder can’t influence how much a case settles for
- The client must provide informed consent for details of their case to be shared with the funder
You can provide higher quality service to your clients with less financial stress when a case stretches on for months at a time. There are no hidden fees, out-of-pocket costs, or hassles. You only repay if the case wins, using the funds from the settlement amount.
Is Lawsuit Funding Right for Your Firm?
Lawsuit funding may be right for your firm if you’re looking for a way to pay for ongoing expenses while waiting for pending client settlements. Lawsuit funding is for those who are tired of costly and demanding business loans for law firms with drawn-out application processes.
Frequently Asked Questions
Will this allow us to take on more cases, especially those with high upfront costs?
With this type of stopgap funding, you may be able to take on more cases with high upfront costs because you aren’t waiting on payouts to pay your rent.
Does lawsuit funding improve our cash flow and financial stability?
The biggest benefit to our law firm banking solutions is the consistent cash flow for your firm. You can run your business as usual while you wait for settlements to conclude. Lawsuit funding with FCA provides options for second or third cash advances as needed. This financial stability helps keep the lights on, even if you’re waiting months for a case to conclude.
Can lawsuit funding help us manage case costs and overhead expenses?
Lawsuit funding can cover costs like attorney fees, court filing costs, expert witness pay, and arbitration fees while the settlement is pending, ensuring your business stays healthy as you wait.
Is lawsuit funding the right fit for our firm’s financial goals and risk tolerance?
FCA offers non-recourse legal funding, meaning if the litigation is unsuccessful, associated costs are deflected. You don’t have to pay back the loan if you don’t win the case. Funds are repaid out of the settlement amount if the case wins.
Call FCA For Lawsuit Funding
Contact Fund Capital America today for a simpler way to fund your legal cases. We offer attorney funding to Los Angeles, Anaheim, Riverside, San Francisco, Chula Vista, Huntington Beach, Santa Ana, and Fontana law firms. We give you the ability to work on contingency without breaking the bank. If you have any questions or want to start the application process, contact us on our website or call us at (855) 870-2274. After evaluating the case, we can approve funding fast, without credit checks or a lengthy approval process. You may receive your funds in as little as 24 hours, so call now to get started.
