What are Non-Recourse Lawsuit Loans?
Lawsuit Loans are Non-Recourse Funding Although the phrase "non-recourse lawsuit loan” is commonly used to describe legal funding or pre-settlement cash advances, the truth is that most transactions involving plaintiff and lawsuit funding companies are not “loans” in the traditional sense of the word. What are Lawsuit Loans? Lawsuit loans are financial transactions in w...
DetailsLawsuit Funding Helps Attorneys
Lawsuit Funding Helps Attorneys' Practices Lawsuit funding’s original mission was to provide immediate cash relief to plaintiffs who were unable to meet their financial obligations. The business found its true calling in the personal injury realm where injured parties were unable to work as before their accidents. This lack of cash flow often forced these victims to accep...
DetailsHow Should Attorneys Handle Lawsuit Loans?
The Proven Method for Attorneys to Handle Lawsuit Funding In previous posts, we discussed how the lawsuit funding process works and why attorney cooperation is vital to the process. In this post, we discuss the flexibility lawsuit funding affords and how this flexibility presents a unique opportunity for attorneys when dealing with this aspect of their practice. Below is an outline o...
DetailsLawsuit Funding Hassles
Lawsuit funding requires attorney cooperation. Lawyers and their support staff compile and forward relevant documents, engage in the underwriting process and sign off on funding agreements. Although some attention is required, the amount of time plaintiff firms must devote to the process can be minimized. In this post, we examine how attorneys can best deal with lawsuit funding for the...
DetailsAttorneys Avoid Lawsuit Funding Problems
How Attorneys Avoid Lawsuit Funding Problems Injured clients often ask attorneys for advances on their injury lawsuits. In some instances, injuries cause financial strain. Other clients simply “heard it from a friend” that attorneys give money to clients once they are retained. Unfortunately, most states prohibit this practice. Enter into the equation the lawsuit ...
Details6 Things Managers Need to Keep in Mind Before Hiring a New Employee
Hiring a new employee represents a period of time in which your organization will be able to help define the future of the company. With the added human capital, what will your organization be able to achieve? Are you looking for a short-term solution, or a long-term employee investment? 1. What will the employee’s key responsibilities be? Before even advertising the vacancy (both ...
Details4 Creative Strategies for Raising Business Capital
Whether you’re just starting out, or you have years of successful business at your back, getting access to working capital can mean the difference between life and death. Will you be able to jump on a new opportunity while your cash-flow is tied up in existing orders? What about getting a new idea off the ground? How much will it cost, and do you have enough money to fuel your launch unt...
DetailsLawsuit Loans – a Transfer of Property Rights
Lawsuit Loans Transfer Property Rights in Proceeds Understanding lawsuit loans means understanding the difference between lending and selling something, a.k.a. a transfer of property rights. In this post, we examine the difference between personal lending and the sale of something of value. In so doing, we uncover the difference between personal loans and lawsuit funding. Loan...
DetailsMedical Malpractice Lawsuit Funding Basics
Medical malpractice lawsuit funding exists to provide liquidity to malpractice plaintiffs while they wait for their case to be resolved. Personal injury lawsuits, including "med mal" cases, make up the vast majority of lawsuit settlement funding transactions. However, because malpractice cases are normally more complicated than the standard negligence proceeding, providing "lawsui...
DetailsLawsuit Funding Buyouts – What You Need to Know
Lawsuit funding buyouts occur when a plaintiff receives money against his lawsuit prior to settlement and then, some time later, needs another advance. These financial transactions are called "lawsuit funding buyouts" because in the vast majority of instances, the previous advance is repaid and that amount (plus the additional funds) are rolled into one contract. In other words, the to...
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