Recently, I was asked what benefits a lawsuit funding company can offer attorneys who represent clients in need of pre settlement loans.  That is, clients who have an immediate need for cash but who have already exhausted or otherwise do not have other avenues of cash currently available to them.

Lawsuit funding companies sometimes meet resistance from law firms when their clients apply for a cash advance.  The reasons are many but usually revolve around a negative stigma attached to the litigation finance industry with regard to price AND the idea that counseling clients with regard to financial transactions is usually outside the scope of representation originally agreed upon by the attorney and client.

Below I address the top 5 things attorneys should know about the lawsuit cash advance business in an effort to address some of these concerns.

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