In the last post, we discussed how the lawsuit funding process works, why attorney cooperation is vital to the process and got our first glimpse into a proven strategy that will serve to minimize the amount of time attorneys have to spend on the lawsuit funding process. In this installment, we discuss the flexibility lawsuit…
DetailsIn the last post, we discussed the lawsuit funding process and how that process requires the cooperation of plaintiff’s counsel in order to get the deal done. We also discussed that although cooperation is necessary, using a certain approach can greatly minimize the amount of time a personal injury firm must devote to the process.…
DetailsIn the last article, we discussed lawsuit funding in general and how, for better or worse, these transactions have become a part of every personal injury law practice. In this message, we examine the lawsuit funding process and introduce a proven strategy to minimize the hassle out of the lawsuit funding process. The Process…
DetailsPersonal injury firms routinely hear requests for money from clients who desperately need cash. Sometimes, the injury is the cause of the client’s financial strain. Other clients simply “heard it from a friend” that attorneys give money to their clients once they are retained. Unfortunately for them (and your firm), most states prohibit this practice.…
DetailsHiring 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…
DetailsWhether 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…
DetailsCritics of lawsuit loans see the industry as preying on an unsuspecting group of desperate plaintiffs. Some even call the business of providing upfront cash to litigants prior to settlement “lawsuit loan sharking”. These same critics deem the lawsuit funding business a burden on the judicial process and call for lawsuit loan regulation or outright…
DetailsState usury laws attempt to protect borrowers from unscrupulous lenders who wish to pray on people in a financial bind. Society realizes that people under financial stress will agree to even the most oppressive terms in an effort to ease the financial strain. These debtors may simply reason that it is better to deal with…
DetailsMedical 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 “lawsuit loans” for med…
DetailsLawsuit 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. …
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