Lawsuit Financing: The Attorney's Best Friend
Are you an attorney involved in a lawsuit and need more money to continue your client's case? Lawsuit financing may just be your ticket. Many attorneys are discovering the value of having readily available funds to go the distance in getting their clients the very best settlement.
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What Is Lawsuit Financing? In a nutshell, a funding company will provide you a cash advance against the favorable outcome of your case. Lawsuit financing - often referred as lawsuit funding, lawsuit loan, litigation financing, and legal finance - is a somewhat new segment of the cash flow industry'but, its popularity is growing at warp speed.
Based upon the strength of your case, a lawsuit financing company will provide an advance (normally, in the range of 10-15 percent) on the expected amount of the award, should you win your case. Of course, this advance is non-recourse; should you not win your case, you do not owe the funding company any money in return.
Why Lawsuit Financing? It levels the lawsuit playing field. As you are well aware, many lawsuit defendants (insurance companies, manufacturers, banks, etc) have deep pockets. And with your clients being average, every-day citizens, this disparity is obvious. You are probably familiar with these companies? use of delaying tactics in their efforts at stringing the process out in order to exhaust your and your clients? funds. All of this is done to 'persuade? you and your clients to settle the case quickly for next to nothing. This is where lawsuit financing comes to your rescue.
A lawsuit cash advance will allow you to hire experts, fly in witnesses, take depositions, hire additional casework personnel, etc. The normal financing range for most lawsuit funding companies starts at $250 and extends to over $1M for an individual case and up to $10M for a commercial case.
How Does Lawsuit Financing Works? It's very simple: You fill out an application and submit it to the lawsuit funding company. The company will contact you and ask background questions about the case. The funding company will then send you a contract for signature. Upon completion, the company will transfer the funds into your firm's account or overnight the funds directly to you (?.your choice).
Advantages of Lawsuit Financing. Lawsuit funding offers many advantages: it is confidential, prompt and discreet; there is no risk to you; applications are free, and without obligation; there are no upfront or processing fees; there are no credit check - the strength of your case is your credit; the underwriting process is quick; it is possible you can have money in your hands in days - under certain circumstances - the very same day; funds can be for any purpose; if you lose the case, you owe nothing; and its available for all types of civil and commercial lawsuits.
Who is eligible for Lawsuit financing? If you are involved in any type of lawsuit including, but not limited to: personal injury, product liability, auto accident, patent infringement, malpractice (medical, legal, and construction), employment discrimination, fraud, breach of contract, Mesothelioma, negligence, workers compensation, class action, civil rights, whistle blower (qui tam), workers compensation (most states), wrongful death, commercial litigation etc., you may qualify.
Do you know any fellow attorneys whose case is faltering due to a lack of available funds? Then, spread the word! That attorney can get lawsuit financing to pursue his or her case.
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