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1 (888) 382-7186
Why choose Legal Funding Today . . . we do not need any paper work from the attorney, will fund what the other companies will not, will fund most cases in less than 48 hours, and we have a brief one-page application.
Legal Funding Today brings our experience and a wealth of information to attorneys and clients.
Find out more:
—› The Funding Process
—› When Funding Makes Sense
—› The Benefits of Funding
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What is litigation financing?
Answer: Some of the confusion about litigation financing stems from the terms used. Such as "lawsuit loan" and that leads some to think that litigation funding is simply another type of loan. In fact, a lawsuit advance is a NOT a loan because it is a non-recourse and a financial investment in the case. Litigation financing allows plaintiffs who are not able to quality for traditional financing to get cash advances against the expected proceeds of their settlement. Unlike a traditional loan, no employment verification or traditional credit check is required, and there are no monthly payments. While a loan must be repaid - regardless of the debtor's ability to repay it - a lawsuit advance is only repaid if and when the pending lawsuit is won at trial or settled out of court.
What ares the differences between legal financing and litigation financing?
Answer: They are one in the same. The service we offer goes by many generalities or common consumer terms including lawsuit advances, lawsuit cash advances, pre-settlement funding, legal funding, legal financing, litigation financing, and the most common are lawsuit loans. While the term "loan(s)" should not be used because the transaction is NOT a loan, the other terms are more or less interchangeable.
Who qualifies for a pre-settlement advance?
Answer: Any plaintiff, in a lawsuit, which has retained the services of an attorney, has documented damages, a compelling liability, the defendant is capable of paying a judgment, and the plaintiff meets our basic requirements, then the cleint qualifies to be awarded cash before the case settles. Each request for funding is considered on a case-by-case basis, so a NLF underwriter will request a five to ten minute phone call to go over supporting documentation so we can quickly determine how much to award the client.
Should my client get a lawsuit advance?
Answer: The decision to get litigation funding should be considered carefully with your client. In general, if your client needs money and they can get funding from a less expensive source, such as savings or a loan against a life insurance policy, the client(s) should take advantage of any less expensive option(s). For the client(s) who do not have traditional or alternative options, a pre-settlement lawsuit advance on the case makes sense.
What role do you play in a lawsuit once it funds my client?
Answer: NLF awards funds to your client and takes the position of any other lien holder. NLF is neither a back-seat driver nor a Monday-morning quarterback. We do not offer advice, nor will we criticize any decisions you make about the prosecution of your client's claim. We do not affect the outcome of the case in any way, and we will 100% support your decisions, regardless of the outcome.
What are the costs associated with a lawsuit advance?
Answer: NLF does not charge any fees to apply or other up front charges. And since the transaction is not a loan, NLF does not charge interest. NLF charges a "risk premium" which is added to the advance in three-month intervals, and the actual risk premium is determined on a case-by-case basis. The cost of the advance is explained to you and your client in writing when the advance is approved.
What types of cases qualify for litigation funding?
Answer: NLF invests in many types of cases, including:
- Personal Injury Lawsuits
- Automobile Accidents
- Industrial and Workplace Accidents
- Wrongful Death Claims
- Worker's Compensation Cases (in some jurisdictions)
- Medical, Dental and Legal Malpractice
- Sidewalk, Walkway and Stairway Accidents
- Slip, Trip, Fall and other Premises Accidents
- Head and Neck Injuries
- Burns, Soft Tissue, and Other Injuries
- Products Liability
- Construction Negligence
- Business and Commercial Litigation
- Contract Disputes
- Patent and Trademark Infringement
- Intellectual Property Claims
- Tortious Interference
- Fraud
- Anti-Competitive Conduct and Antitrust
- Commercial Construction Disputes
- Commercial roducts Liability
- Divorce Suits
- Inheritance Claims
- Appellate Litigation
- Financing for attorneys and law firms
What are the benefits of litigation funding for my client?
Answer: For a client in financial need, a lawsuit advance can be the difference between staying in his or her own home or actually becoming homeless! For the client who cannot work, a lawsuit cash advance covers basic living expenses while the client awaits the outcome of his or her claim. Since there are no monthly payments, a lawsuit advance does not create another monthly obligation as would a conventional loan.
What are the benefits of litigation funding for the attorney and/or law firm?
Answer: Securing an advance for any client stops calls from your client . . . asking when he or she will see money from the claim or in general other issues. Our lawsuit advance will enable your client(s), in need of cash, to turn down possible low-ball offers from the defendant(s). Ultimately, our litigation financing levels the playing field, especially against the well-financed defendant, enabling you to win fairer, larger settlements for your client(s).
When should I recommend NLF to my client?
Answer: Only recommend us to the client who is facing financial hardship and needs cash to pay critical bills, such as the rent or mortgage, car payment and utilities. The money should NOT be used for frivolous purposes, although the client is free to use the money as he or she wishes. They may even need the cash award to pay any form of legal expenses. Our primary purpose it to help the case so the client can win more overal cash for themselves.
Why have my cleint get legal funding from NLF?
Answer: NLF is the primary investor for providing litigation funding. There is no running out of funds to lend. As one of the oldest, best known investment firm, and most respected legal finance provider, you can refer a client to NLF with confidence your client will receive fast, professional, courteous service. You will also find that our underwriters can work with you and your client(s) with minimally interruptions of your law practice as possible. For example, we do NOT request supporting documentation, and when submitting a client application to be awarded cash we give you the option of submitting a hard-copy or digital files, whichever is more convenient for you. NLF is a member of ACFA (The American Cash Flow Association), and we strictly abide by the Code of Ethics.
Is it ethical to recommend a client to a lawsuit invester?
Answer: All state bar associations that have ruled on the subject have issued favorable ethics opinions regarding an attorney's ability to refer clients to non-recourse funding sources. In fact, referring a client to NLF is no different than referring a client to a medical professional, CPA, tax advisor, or investment counselor.
What if I have more questions?
Answer:We believe you will find the above questions to be helpful; however, every case is different and every situation has unique circumstances. At any time you may contact us via contact page. We do hope you find our website to be a resource, and we always welcome your feedback.
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