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How the Application Process Works |
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The Non-Recourse Program We provide non-recourse advances (also called advance funding or pre-settlement funding) supported by the Law Firm's anticipated contingency fees and case costs from pending cases. That means an advance from our company is only repaid when and if a recovery is obtained. While the cases are pending, there are no installments or payments to make. We provide Law Firms with Non-Recourse advances ranging from $100,000 to $25 Million. In addition, we advance attorney's fees on Settled cases. The Recourse Program We can design full or partial recourse programs to fit the needs of our clients. Because of the recourse feature of these financings, our risk is lower so the financing fees we charge you are lower. In these programs, we require a full credit check on the partner (s) of the law firm requesting the advance, as well as a pledge of the contingency fees associated with that firm's cases. We provide Law Firms with Recourse advances ranging from $1 Million to $25 Million. Fees Each advance is unique. Our fees are based upon our independent analysis of the value and risk of the cases submitted by the law firm for funding, as well as the guarantees which may or may not be part of the financing structure (recourse vs. non-recourse financings). A fee schedule is negotiated up front, and is clearly defined in the Attorney Advance Agreement prior to the closing of any transaction. As provided in many states ethics code, cost of advances are reimbursable to the attorney as a cost of litigation when a case is successfully litigated. Process After receiving the necessary information to evaluate the cases submitted by the Law Firm, we provide fast decisions. We require documentation supporting liability, damages and defendant's ability to pay for each case submitted, as well as any retainer or referral agreements. Prior to signing the Attorney Advance Agreement, the Law Firm is under no obligation to accept any offer and can change its mind at any time. To start the process simply fill out the Inquiry Form and one of our attorney funding specialist will contact your Law Firm.
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