LITIGATION FINANCE FOR LAW FIRMS AND SOLO PRACTICES


LITIGATION FINANCE FOR LAW FIRMS AND SOLO PRACTICES

What Is Attorney Funding?


Attorney funding is a subset of legal funding that is tailored specifically to plaintiffs' attorneys. Types of attorney financing include pre-settlement funding, post-settlement fee advances, law firm lines of credit, case cost financing, and voucher funding. 

Litigation finance offers a number of benefits

Litigation finance offers a number of important benefits to plaintiffs, attorneys, law firms and investors.

Plaintiffs

  • Helps undercapitalized plaintiffs further meritorious cases by financing commercial litigation expenses
  • Provides capital injections for already filed cases that experience funding constraints
  • Reduces the risk of premature settlement for less than cases are worth
  • Unlocks liquidity for working capital
  • Provides  a cushion for personal expenses
  • Allows companies to manage how litigation costs affect their balance sheets
  • Enables greater access to top legal talent

Attorneys and law firms

  • Allows attorneys and law firms to accept cases from plaintiffs who otherwise could not afford their fees
  • Provides capital for all litigation expenses, including expert witness fees
  • Reduces the risk that clients will run out of money during litigation
  • Enables attorneys and law firms to offer more flexible payment arrangements to prospective clients
  • Increases plaintiffs’ effectiveness by providing funding for working capital and personal expenses
  • Helps achieve recoveries that are more in line with case merits and damages