Legal Funding Solutions…

You’ve Come to Right Place

No Need to Look Any Further

Whether you are looking for funding for one of your plaintiffs, funding for yourself, or funding for your firm…We’re here to solve all your legal funding troubles… and fast!

Have you ever encountered any of these problems:

Do you ever have difficult clients who put unrealistic pressure on you to prematurely settle cases?

Do any of your surgeons, investigators, or experts nag you about payment for services rendered or resist rendering services on a lien basis?

Have you ever won and then the defense appeals, stalling receipt of your hard earned fees?

We provide legal funding solutions

to all the above problems and many more

Please read carefully:  This page is dedicated to the topic of attorney funding.  The balance of our website is focused more on plaintiff funding.  However, the various plaintiff funding topics do carry over to attorney funding and much of the remainder of our website will help you to understand the legal funding industry, whether you’re an attorney or a plaintiff.

Dear Attorney:

Obviously you are browsing our site with the goal of learning if there is a fit between our services and your funding objectives. 

Attorneys browsing our site typically fall into two categories:  you are looking for funding for one or more of your clients or you are researching funding options for yourself and your firm.  Regardless of which category you fall in, you’ve come to the right provider:  We fund both plaintiffs and attorneys.  In fact it’s all we do.

Per the “Please read carefully” note above, if you are checking into Plaintiff Funding options, feel free to jump to the other sections of our website to learn more details.

If on the other hand, you are researching funding options for yourself and your firm, please note we routinely provide capital to attorneys and law firms for:

Note in the above table, not only do we fund the typical expenses associated with running a successful law firm, but we also fund attorneys capital for their personal use, as they see fit. 

And when you account for taxation laws and monthly cash flow, it often makes financial sense to fund your cases through our services, where the interest charges may be written off as an ordinary business expense (and paid for with pre-tax dollars) versus funding your cases in-house with your after-tax profits.  Additionally, financing allows recovery of a portion of the interest costs as a litigation expense.

The intent of this page is to provide you with enough basic background information for you to make an informed decision about whether our funding programs are a good fit with your funding goals.  Below we will cover the following topics:  qualifying for funding (cases we like to fund), a discussion of our various attorney funding products, how the funding process works, pricing, and why our company stands out as the premier legal funding firm. 

Will Your Cases Qualify for Funding?

You must have eligible cases, see tables below:

Note:  As you might expect, some case types are typically easier to get approved than others.

However, there are cases we can never fund, see the table below:

Additionally, we cannot do plaintiff fundings for Worker Comp claims in the following states:

Starting August 28th, 2008, we will begin accepting funding applications from clients and lawsutis in the State of Ohio.

And beginning September 5th, 2008, we will no longer be funding clients or lawsuits from the State of North Carolina, due to a recent appellate court decision there.

If you have a case that is not listed above, an already settled case or structured settlements please contact us to discuss your funding options.

For a free evaluation of your cases and to request funding now, with no obligations, click here now.

Or learn more...

Our Legal Funding Products…

Please note:  For all of our funding products, we will never interfere with how you operate your firm or how you litigate your cases.  We leave that to you the professional.  Our profession is finance, yours is law and we like to keep it that way.  With that said, below is a description of our most common legal funding products:

Plaintiff Funding

The financial pressures your clients are facing can be overwhelming.  When your clients need help and they are pressuring you personally for a loan or to settle early, an advance from us may be the perfect solution.   Our Plaintiff Fundings are always non-recourse, if you don’t win, your client doesn’t pay.  (You’re not on the hook either!)  And we always offer the most competitive pricing.  Do yourself a favor and get your difficult clients off your back.  Give yourself some breathing room, some peace and quite, so you can realize your full potential fee.  For details on the Plaintiff Funding click here (you must your browser's back button to return to this page.)  Note:  Aside from this specific page, the balance of our website is largely directed and applicable to Plaintiff Funding.

Medical Funding

As the name implies this is a very focused funding program, where the proceeds are directed to your medical professionals, who routinely support your personal injury cases, such as your:  doctors, surgeons and surgical centers, physical therapists, imaging centers, etc.  Medical Fundings are underwritten on a case by case basis and are typically in the range of $5,000 to $100,000.   Larger fundings will be considered if the case warrants it.  This product will help to reduce medical liens on your case and more importantly keep your medical professionals happy and dedicated to serving your clients.

Expert Witness Funding

Like Medical Funding, Expert Witness Funding is a very focused funding program, where the proceeds are directed to your experts, who routinely support your cases, such as your:  physicians, nurses, investigators, forensic accountants, engineers, physicists, animators, etc.  Expert Witness Fundings are underwritten on a case by case basis and are typically in the range of $5,000 to $50,000.   Larger fundings will be considered if your case warrants it.

Appeal Funding

We provide up to $1,000,000 in funding to attorneys and / or plaintiffs that have a civil case where the defense is appealing.  Our appeal funding program is risk free, i.e. non-recourse.   If the defense wins the appeal, you owe us nothing.  Funds can be used as you see fit, and common uses include: to cover costs, expenses, or even hire an experienced appellate attorney.  Appeal Fundings are underwritten on a case by case basis. 

Credit Lines and Law Firm Loans

A revolving credit line can be used to cover expenses, provide working capital, or funding to pursue growth opportunities.  (We can also structure term loans for your firm.)  We typically fund firms in the range of $500,000 to $25,000,000 with credit lines and term loans.  This funding option is often structured as limited recourse or full recourse.  And make sure you are aware of these great points:  Interest charges may be written off as an ordinary business expense (and paid for with pre-tax dollars), and financing allows recovery of a portion of the interest costs as a litigation expense.  Credit Lines and Law Firm Loans are typically underwritten by the firm's entire portfolio of active cases, including contingency fees, cost reimbursement rights and accounts receivables.

Note:  Also we do fund smaller fundings for attorneys, i.e. for less than $100,000.  These smaller transactions are often structured very similarly to a Plaintiff Funding Cash Advance, see the Plaintiff Funding section for all the details.  For example, we recently funded a personal injury attorney $15,000, where he had submitted three different cases as collateral (an auto, a slip-n-fall, and a medical malpractice case).  We essentially funded each of those three cases separately for $5,000 each.  (He actually submitted 5 cases, but we only funded using three of his cases as collateral.)

For a risk free funding evaluation and to request funding now, with no obligations, click here.

Or learn more...

How the process works…the mechanics of a transaction…

For details on the plaintiff funding process click here.  (Note: use must use your browser's back button to return to this page.)

Attorney funding often follows the same funding process as plaintiff funding for approvals of less than $100,000 and /or if you are only looking for funding on a single case (appeal funding often falls into this scenario). 

For attorney fundings of $100,000 and greater, there is no set cookie cutter approach.  Essentially, we will use one or a combination of our funding products to meet your funding objectives. 

In general, underwriting will be evaluating the quality of your case portfolio (with an eye to your anticipated fee for each case), whether you’re looking for funding on one case or your firms entire portfolio. 

We have several different methods for approving and securing the funding.  For example, if you are looking for funding to cover costs, we can secure the funding by your firm's total cost reimbursement rights and litigation expenses.  We would typically fund in the range of $100,000 to $1,000,000 with this funding option. 

Or a similar example, if you are looking for a line of credit, we would secure the line by the firm's entire portfolio of active cases, including contingency fees, cost reimbursement rights and accounts receivables.  We typically structure lines of credit in the range of $500,000 to $25,000,000.   

Additionally, we can structure transactions as non-recourse (risk free), limited recourse, or as a typical recourse loan.  Non-recourse structures typically have two benefits to you:  you’ll have no monthly loan payments until you receive your fees when the case settles and pays out or if you lose the case you owe us nothing.  But because a non-recourse funding is less risky for you, they are more risky for us the investor and as such the credit terms of the agreement will be more expensive, i.e. a higher rate. 

And because limited recourse and recourse loans are less risky for us the investor, we’ll charge you a better interest rate, but you will typically have to make monthly payments under this type of structure and we may require a personal guarantee.

Also, for attorney fundings: interest rates, repayment schedules, terms and conditions are negotiated on an individual, firm-by-firm basis.  (In comparison, there is very little negotiation on the terms of plaintiff fundings.)

Below is a list of how the attorney funding process works:

1. Complete an application.  This can be done online, over the phone, via fax, or even snail mail.  Click here to Apply Now or too simply view our application.  Remember there are no costs for submitting an application.  Note unlike Plaintiff Fundings, for all types of attorney fundings, we do require a credit check; both a personal credit check and a business credit check, if your firm is a separate entity.
   
   

2. Submit case docs.  After submitting the application to us, we will then need to review the case’s supporting documentation for each case you are submitting as collateral.  Case documents can be emailed directly to us at:  erick@Get-Lawsuit-Loan.com. 
   
   

In very general terms, here is a list of what we “like” to review for each case:

1. Key pleadings, i.e. complaint, interrogatories, verified bill of particulars, verified answers, summary judgment motions, etc.
   
   

2. Any court opinions and any court orders.
   
   

3. Proof of Defendant’s ability to pay a judgment, an insurance policy is preferred
   
   

4. Documents describing what is in dispute, e.g. a breached contract.  
   
   

5. Client / Attorney Retainer (Fee) Agreement.  
   
   

6. Any demand letters or settlement offers.  
   
   

Note:  The above punch list is applicable to commercial and breach of contract cases.  For wrongful termination, and employment discrimination cases we also like to review EEOC documentation in addition to the above items.

For personal injury cases here is a list of what we “like” to review:

1. Police report, traffic report, accident report, employer incident report, etc.  (We often these to help determine liability.)
   
   

2. Medical records relating to the accident.  We prefer the summary reports, such as: Operative reports, MRI reports, physician diagnosis reports, and initial ER records.
   
   

3. Proof of Defendant’s ability to pay a judgment, an insurance policy is preferred, we like to see coverage, e.g. a dec sheet.  
   
   

4. Expert reports or investigative reports (if any) (preferred for medical malpractice cases).  
   
   

5. Witness statements (if any) (preferred on premises and slip-n-fall cases).
   
   

6. Client / Attorney Retainer (Fee) Agreement (Contingency arrangement preferred)
   
   

7. Any demand letters or settlement offers.  
   
   

8. Complaint (draft OK) and any other key pleadings.
   
   

And if an item we request does not exist or is not applicable, that is not necessarily a deal killer.

3. Once we have your documentation, our underwriters will review your request for funding.  Our due diligence time-lines will depend upon the nature and complexity of your case(s).  Single personal injury cases can often be underwritten in one or two days.
   
   

4. If approved, we will issue a term sheet or move straight to a contract (if your funding is not complex).  We will fax or email the term sheet or contract to you for your review.  This is the document which will disclose all the financial information.  Ideally from the term sheet, we will move towards finalizing a funding agreement / contract.
   
   

5. Once we have the fully executed funding agreement / contract, we will release the funds to you.  For fundings of greater than $5,000, we will typically insist upon a wire transfer.  With smaller fundings you have the option of a wire transfer or an over-night check. 
   
   

Note:  Prior to releasing funds we will run your credit (both as an individual and as a business, if a separate entity), we are mainly concerned with outstanding liens, such as child support, open bankruptcies, IRS liens, and other outstanding credit.

       For fundings of less than $100,000, this whole process often takes 7 business days to receive the funds from the time we receive the application and case documents.  (Single personal injury cases can be funded much faster, in a day or two.)  Larger fundings often take 14 days to 30 days to complete our due diligence.  Weekends and holidays can delay funding. 

For a risk free funding evaluation and to request funding now, with no obligations, click here.

Or learn more...

What Every Client Wants to Know

What Will This Funding Cost Me?

Fees and Costs – The only negative aspect about this whole process…

In my experience, the biggest concern for our attorney clients: “what will this funding cost me?”

With regards to our non-recourse funding products our money is expensive because we are assuming all the risk of your case(s) not paying out as hoped.  Remember if your case loses, you owe us nothing.  And we lose all the money invested in your case.  You risk nothing, we risk everything.  And while that is beneficial to you, it creates risk for us as an investor, and to compensate for that risk we will charge a higher rate than a traditional recourse bank loan.  There is no other honest way to describe the cost of our money.  Yes we offer the lowest costs and most competitive rates within our industry, but compared to a traditional fixed mortgage, our money is still expensive.  Our money is more expensive than a traditional bank loan.  Many of our attorney funding programs are priced similar to credit cards. 

Also, for attorney fundings of greater than $100,000: interest rates, repayment schedules, terms and conditions are negotiated on an individual, firm-by-firm basis.  In comparison, there is very little negotiation room on plaintiff fundings and smaller attorney fundings.

Note:  The remainder of our discussion on our fees is focused on Plaintiff Fundings and small attorney fundings.  Attorney fundings of greater than $100,000 are more complex transactions, but will typically have better pricing than the two below tables.

In general, our Plaintiff Fundings will cost between 2% to 5% per month, compounded monthly.  Note the rate will be fixed, it is not adjustable and not variable.  Your actual rate will depend upon your case type and the details of your case.  Your actual “fee schedule” is always plainly disclosed in your contract. 

And a key point of difference from our competitors…our competitors will never disclose their fee structure up-front.  We are different.  We want our clients to be completely aware of the fees/costs involved.   In an effort to help educate you around this issue, below are two tables showing our standard fee structures.  The only “catch” here, is our fees are subject to change and your particular fee structure will be dependent upon your case’s unique circumstances.

Below is a table showing our typical pricing:

You’ll note in the above table, how fees will vary depending upon the case type.  As you well know, this occurs because certain cases have a higher probability of success.  For example, auto accident cases are typically more easily settled than medical malpractice cases. 

Below is a table showing an alternative pricing model, based on a “growth rate” or “multiple”, the below table uses a funding of $5,000 as the amount funded to the client:

The payoff amount listed above in the table includes paying back the original $5,000 advance plus our fees.  And the dates refer to when the funded cases actually settles.  A reminder, your actual fees will depend upon your cases own unique situation.

In addition, to the pricing tables above, there are two other fees which are common on most of our loans, advances, and contracts.

The first is a flat fixed “processing fee” of $250 to $450.  By a flat fixed fee, we mean this fee does not vary with the size of the funding.  For example, this fee would be the same for a $1,000 advance or a $100,000 advance.  

The second fee common to our contracts is an “origination fee”.  This fee will vary by the size of the funding.  For Plaintiff Fundings and small attorney fundings, the origination fee is typically 15% of the net amount the client receives.  For attorney fundings of greater than $100,000 this fee is often smaller and negotiable, with an industry standard of 3%.  

However, keep in mind, with both of these fees you are not required to pay them up-front when we fund you the proceeds.  These fees along with the funded amount are only paid-off when your case settles in the future, from your settlement proceeds (assuming you have opted for a non-recourse funding product).  

We guarantee you the lowest rates in the Lawsuit Funding industry.  And as our Lawsuit Funding industry matures, it will become more competitive which in the end will drive fees down and benefit our future clients.  In fact, just this year, we’ve cut pricing twice.

However, despite the costs, our Lawsuit Funding options can do more than just relieve immediate financial stress…As a plaintiff or attorney you may be up against a defendant with deep pockets, who can strain your finances to the limit. 

Plaintiff Funding will help your clients avoid feeling pressured to accept a settlement too early, for too little.  

In effect, we level the playing field.  Defendants may have huge financial resources to mount their legal defense and now you can level the playing field with access to our money.  Legal Funding buys you time by providing the money you need now. And it gives you more time to work on your case to get a bigger settlement or judgment at trial.

Request Funding Now with our easy, quick, and free on-line application process.

Why Choose Us…

Here’s the bottom line, you have nothing to loose, nothing to risk, and only the possibility of gaining some financing.

On the other hand, if you do not request a free funding evaluation, you have no possibility of receiving our risk-free financing.

For a free, no obligation, funding evaluation and to request funding now, click the link below:

Request Funding Now

Please contact me with any questions.  I look forward to helping you achieve your funding objectives  and watching your firm grow.

Sincerely,

Eric A. Kelly, Litigation Funding Specialist

Get-Lawsuit-Loan.com  &  EZLawsuitFunding.com

erick@Get-Lawsuit-Loan.com  

858-414-3512  Direct

858-244-4977  Fax

Note:  If you use one of the below links to navigate away from this page to browse our website, you must use your browser's back button to reach this page again.