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Attorney Financing provides legal professionals with the financial resources necessary to manage the costs associated with case preparation and litigation. It enables attorneys to cover expenses such as expert witness fees, court costs, research, and client-related costs without compromising cash flow. This type of financing allows law firms to take on more cases, especially in situations where they may not be paid until a case settles or is resolved.
To provide attorney funding, certain information and documentation are typically required to assess the case’s merit and the attorney’s financial needs. Here’s a general list of what is usually needed:
Comprehensive information about the ongoing or upcoming cases, including case type (personal injury, commercial litigation, etc.), case timeline, and expected outcome.
The attorney’s or law firm’s litigation history and success rate, particularly in similar types of cases.
Documentation showing the strength of the case, including evidence, expert opinions, and legal strategies that suggest a favorable outcome.
A signed retainer agreement or contingent fee agreement between the attorney and the plaintiff, outlining payment terms and responsibilities.
A detailed breakdown of anticipated case expenses such as court fees, expert witness fees, medical reports, and other litigation-related costs.
An agreement that specifies how and when the funding company will be repaid, typically from the attorney’s contingency fees or the case’s final settlement proceeds.
Information on any relevant insurance coverage that could impact the case, particularly in personal injury or malpractice cases.
The attorney’s or law firm’s litigation history and success rate, particularly in similar types of cases.
A signed retainer agreement or contingent fee agreement between the attorney and the plaintiff, outlining payment terms and responsibilities.
An agreement that specifies how and when the funding company will be repaid, typically from the attorney’s contingency fees or the case’s final settlement proceeds.
In some forms of attorney funding, such as lines of credit for law firms, collateral might be requested depending on the firm’s financial stability.
Only a few simple steps to get immediate fund
No application fee. It only takes a few minutes.
We immediately review for a turnaround in as little as 24 hours.
Sign agreement and we will send funds in real time.
