Five Things Lawyers Should Know About Lawsuit Funding
What Lawyers Should Know About Lawsuit Settlement Funding On occasion, we are asked what benefits a lawsuit settlement funding company can offer personal injury attorneys whose clients need funding. 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. Even the best lawsui...
DetailsSettlement Loans and the Doctrine of Champerty
Lawsuit Loans and the Champerty Legal Doctrine Settlement loans are sometimes called "lawsuit loans" by the public. Unlike a real "loan", settlement loans are typically structured as an assignment of the future proceeds of a successful lawsuit, if any. Over the years, transactions which involve third parties’ entitlement to the lawsuits of others have been treated in vari...
DetailsLawsuit Cash Advance Funding – Sharing the Contingency
Those seeking lawsuit cash advance funding for their personal injury case should understand that personal injury lawsuits are unique in the legal world. They are among only a few types of cases in which attorneys are retained on a contingency basis. That is, the attorney only gets paid for his services if the lawsuit is successful and he is paid out of the proceeds. If there are no p...
DetailsPre Settlement Loan Underwriting
Settlement Loan Underwriting - Using Limited Information In another article, we spoke in detail about the settlement loan business as it relates to managing investor’s money. We discussed how money management strategies can help minimize losses for the enterprise. In this post, we will discuss an important cause of settlement loan underwriting losses. Losing Cases The...
DetailsManaging Lawsuit Funding Investments
These articles are intended to educate the reader on lawsuit funding as investments. This post will discuss money management as it relates to the lawsuit funding investments. Cost of Money Affects Investor Returns In any business, investors seek a return on capital larger than they could otherwise obtain and in accordance with their risk tolerance. Normal...
DetailsLawsuit Loan Regulation
Regulation of Lawsuit Loans - Is It Important? Calls for lawsuit loan regulation come as no surprise in today's business environment. Politicians are always looking for an excuse to enter into the private affairs of individuals. This post will consider the costs associated with lawsuit loan regulation and what possible consequences, intended or otherwise, could arise from this interf...
DetailsLoans vs. Lawsuit Loans
The Difference Between Traditional Loans and Lawsuit Loans Lawsuit loans are specialty finance transactions where money is advanced to plaintiffs in anticipation of a favorable settlement in civil court. Also known as settlement loans or case loans, lawsuit funding transactions are not actually loans. In this post we examine loans vs. lawsuit loans by comparing lawsuit funding w...
DetailsAuto Accident Lawsuit Funding – The Prime Case for Funding Companies
Auto Accident Lawsuit Funding Analysis A litigation loan occurs when a lawsuit funding company offers a cash advance against the future proceeds of the case. In other words, a plaintiff receives cash now in return for money if and when the case is successful. In this post we examine the preference among lawsuit funding companies for cases involving personal injuries resulting from auto...
DetailsAttorney Cooperation in Lawsuit Funding
Attorney Cooperation in Lawsuit Funding Helps the Process When a plaintiff obtains a lawsuit cash advance, otherwise known as pre-settlement funding, case loan companies require the signature of the attorney to finalize the transaction. Attorney cooperation in the lawsuit funding process is the single most important factor in obtaining cash now for your case. Below is a list of i...
DetailsLawsuit Loans for Medical Malpractice Cases
Lawsuit loans for medical malpractice cases are routinely offered 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 a lawsuit loan for a medical malpractice case. Malpractice Basics The American legal system places a dut...
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