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Litigation Funding:  Attorneys

Overview of Pre-Settlement Litigation Funding

Pre-settlement litigation funding is a non-recourse cash advance, provided to an injured person in return for a promise to repay the advance after you win your lawsuit. The advance covers medical and health care related costs, expert witness, research, and attorney fees. Ideally, the suit should be at least 4 months old with the likelihood that it will settle in no more than 18 months.

The pre-settlement funding source would fund the client approximately 10-20% of the expected judgment in return for a lien against the entire award remaining. This lien follows any lien placed on the case for attorney or medical fees. By keeping the funded amount small, and by getting involved after a certain amount of time has passed, the actual cost to the client is very small relative to their increased gain.

Frequently Asked Questions

How Does Pre-Settlement Funding Work?

What are the Advantages of Litigation Funding to My Client?

What is the Risk to My Client?

What Other Litigation Funding Do You Provide?

How Does Pre-Settlement Funding Work?

An injured person contacts us, sometimes at the suggestion of their attorney. After receiving permission from the client, we contact the attorney handling the case to obtain information about the case. Based on this information, we estimate the value of the case and the risk involved, and offer a cash advance to the plaintiff based upon that estimate. The fee may be a flat fee or a monthly percentage fee that accrues each month. These advances are non-recourse:  the fee is paid after the case settles, and only if the client wins a judgment.  The amount advanced varies, depending upon the nature of the case, insurance company involved, how long the case has been active, and the expected settlement date.