No. We are not like a bank. We do not burden you with monthly obligation. Our funding traditionally does not require monthly repayments until the case is resolved and you are paid. The cash you receive is intended to ease your cash flow, providing you financial flexibility to pursue your case fully and successfully.
Many transactions are non-recourse, meaning we run the same risk as you – if you lose the case we recover nothing, and you keep the funds already advanced.
We believe with financial strength and quality representation you are more likely to receive an attractive settlement offer or favorable result. Our assistance can remove the urgency for a settlement and send the message that the case will be adequately prepared. Best of all, you maintain your existing cash flow while still having the best counsel possible.
Attorneys sometimes find themselves in need of cash. An outstanding contingent fee interest in a judgment on appeal or costs advanced can create tremendous financial pressure on an attorney, a law practice and a family. Our experienced attorneys can create a funding facility that allows you to leverage your contingency case portfolio. And like a plaintiff, if the case is ultimately lost and there is no recovery, the attorney keeps the money and LFG is owed nothing. In addition, interest may be deductible as a business expense.
No. For the attorney, once arrangements are in place to assure payment of any expected legal fees and costs to pursue the plaintiff’s claims we avoid restrictions on how you run your practice and will use the money we advance. The cash advanced may be used to pay living expenses, hire experts, or pay down more onerous traditional debt – all free from risk if the case is lost.
Emphatically, NO! We provide only financial assistance to plaintiffs and attorneys. We do not provide legal advice or legal services. The client-attorney privilege remains intact. We do not require access to, or review of, privileged client information. Control of the case and settlement negotiations rests with the client and attorney.
There is no cost to apply. Upon receiving a request for funds from a plaintiff or attorney, we conduct a screening and evaluation of the case and court documents. We have spent years developing the criteria and analytic models used in our evaluation process to make this as efficient and thorough as possible. We never seek attorney-client privileged information. We assure confidentiality and discretion is adhered to. We review the financial situation to assure that we will be repaid if the case is successful.
After our careful review, if the case meets our criteria, an offer is made to the plaintiff and/or counsel. The written offer contains the terms and conditions, including final due diligence expense. The entire process can be completed in a relatively short amount of time after all of the information is received by us.
Our funding programs provide a level of financing most banks simply cannot offer. We have four main funding facilities:
To submit a case for consideration on a confidential basis or to discuss any of our services, please contact one of our Funding Directors at (415) 446-2300.