Legal funding or lawsuit funding for attorneys enables personal injury plaintiffs to obtain advances against their pending or settled case so they have the funds to cover their expenses while their case progresses.
What your law firm needs to know:
Oftentimes, clients have pressing financial needs such as their medical care and basic expenses, and are unable to wait for their potential settlement. This can unfortunately force their lawyer to settle their injury claim for pennies on a dollar.
How attorneys benefit from lawsuit funding:
Litigation funding for attorneys can benefit the legal process in many ways. For a lawyer, it can cover office expenses, so your team can move forward. Litigation expenses may also be covered. Litigation, from discovery to trial, can cost more than most clients can afford. Most personal injury clients are in a tough financial spot. Attorney funding can bypass this issue, allowing the case to continue.
It can take weeks, months, or sometimes years to settle a case and get the money. No matter how long it will take, litigation financing can support the case, attorney’s financial requirements, and the client’s needs until they are paid, allowing the client to proceed with a case.
We can provide litigation funding for a wide range of cases so there is less pressure on your client, including:
We offer a couple of options, both which are a more practical and affordable alternative to a lawsuit loan for attorneys.
If your clients need money today, complete our simple application or call us at (310) 424-5176!
We are currently helping a significant number of attorneys in California with lawsuit cash advance requests from clients unable to pay their daily expenses. These advances afford attorneys ample time to negotiate higher settlements by not being forced by the client to settle prematurely.
This program has been misclassified as many things such as an accident or lawsuit loan; however, unlike a loan, no collateral or review of an applicant’s credit profile is necessary to qualify for funding since funding is based on the merits of the case. Furthermore, with pre-settlement funding in California, the plaintiff pays a previously determined amount based on potential proceeds upon actual settlement.