The overall purpose of these posts is to inform identify and explain various issues involved with securing pre-settlement funding on a pending lawsuit. Plaintiffs and their attorneys are usually very confident in the merits of the case. However, various issues routinely arise when attempting to quantify the risk associated with the repayment of pre-settlement funding,…
DetailsIn this post, we will be looking at the practice of hedging as it pertains to pre-settlement funding. Let’s say you’re in Las Vegas this summer and you place a bet on the New York Giants to win the Super Bowl at odds of 15 – 1. That is, you bet $1,000 to win $15,000. …
DetailsLawsuit loans are routinely offered for medical malpractice cases by legal funding companies. The underwriting of these cases however, is often much more complicated than the standard negligence case. This post will attempt to identify some things to remember when attempting to secure lawsuit funding for a medical malpractice case. Malpractice Basics The American legal…
DetailsWhen offering a cash advance for a pending case, lawsuit funding companies analyze a wide variety of information. At Fair Rate Funding, we frequently are asked how the client can help us during the case loan process. Below is a brief outline of the steps clients can take to help obtain cash for their lawsuit. Gather…
DetailsWhen a worker is injured on the job, he/she is entitled to workers’ compensation benefits. The injured employee is entitled to these “benefits” regardless of fault. In other words, even if the worker was not paying attention or otherwise did not take the appropriate steps to safeguard him/herself from injury, workers’ compensation benefits are still…
DetailsAlthough 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. When a case is approved for a non recourse lawsuit loan, the two parties entering into…
DetailsOrigination of new legal funding business usually comes in two forms. Either the client contacts the lawsuit loan company or a lawyer refers one of his clients who need immediate cash against his/her case. Attorney referrals are the ideal way to secure funding because the referring attorney usually understands the funding business and can secure…
DetailsLawsuit 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 accept “low ball”…
DetailsIn the last installment, we discussed how fostering a working relationship with a reputable lawsuit funding company can prove to be a valuable asset for your firm. Since each lawsuit is unique, attorneys often require flexibility from a lawsuit funding company to provide much needed liquidity for clients. These funds can be used for any…
DetailsIn the last post, we discussed how an unregulated lawsuit funding market allows for increased flexibility and touched on how that flexibility may be able to help attorneys and their clients in the realm of pre-settlement funding. The post also touched on an approach which, if implemented correctly, allows the attorney to utilize this flexibility…
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