Most litigation funding applicants naturally tend to focus on the merits of their case when talking to funders. After all, anyone motivated to initiate a lawsuit likely believes that their case is extremely strong. Application packages tend to focus on the plaintiff’s allegations against the defendant, and documents meant to prove those allegations. The problem […]
All attorneys know the adage “they sure don’t teach that in law school.” Well, if law schools do not teach attorneys how to file a pleading with the court or deal with difficult opposing counsel, they certainly do not teach us how to present a case to a litigation funding company for funding. Following these […]
Litigation funding is a fast-growing industry, and one that is slowly gaining acceptance in jurisdictions across the United States. However, a recent study from the American Bar Association notes that the acceptability of litigation funding is a “developing area” of law. This is why it is important for attorneys who are seeking funding or represent clients […]
Let’s face it, being a millennial attorney has not been easy. Many of us graduated from law school at the height of the economic recession only to discover that law firm jobs were few and far between. Then, out of nowhere, our profession was blindsided by the COVID-19 pandemic, and we had to find new […]
Legal representation of government entities requires in-depth knowledge of the unique issues these clients face.
Cash flow limitations constrain law firms and prevent the realization of full business potential.
Law firms of all sizes and specialties struggle with financial constraints due to inadequate access to working capital.
The COVID-19 pandemic is doing more than putting our normal daily life on hold, it’s also transforming entire industries. From airlines to restaurants, retail to manufacturing, the COVID-19 pandemic has had a far-reaching effect on businesses, with more than 5,500 declaring Chapter 11 bankruptcy between January and September of 2020. One of the resources companies […]
It’s expensive for companies to fight a lawsuit, no matter which side of the courtroom they’re on. The Court Statistics Project found that the median costs for business contract suits, which make up 60% of the 20 million civil cases filed annually, totaled $91,000. Liability lawsuits had a median cost of $54,000. Some businesses may […]
Few events have changed our daily lives as significantly as the spread of Covid-19 has. In a matter of days, we went from routinely going out with friends, having parties and other social gatherings, and daily trips to the grocery store to a world filled with delayed weddings, masked and gloved shopping, and curbside pickup […]
Attorneys and their law firms have more options than ever before for raising capital to supplement or grow their practices. Traditional capital sources like institutional loans involve a cumbersome application process and are hard on the firm and partner balance sheets. After investigating alternative sources of capital for law firms, an increasing number of attorneys […]
More attorneys and law firms are realizing the many benefits of law firm funding, and the service is becoming more common across the globe. This demand has resulted in an influx of funding providers to the market, but the offerings and abilities of these companies vary. Attorneys considering law firm funding solutions must choose the […]
Law firms often walk a precarious financial line, balancing the potential for large settlements or judgments in the future against the time and expense needed to build a winning case. Discerning law firms know how to leverage pre-settlement funding to support current litigation and firm health and growth. Collateralizing winning cases before they’re resolved allows […]
Corporate counsel work under immense pressure to protect and advocate for the companies they serve.
Civil defense law firms provide legal guidance and services to businesses and individuals with a lot at stake.
International arbitration provides a time-tested forum to resolve contractual disputes between entities in different countries.
Law firms serving Chapter 11 clients must be talented multitaskers. These attorneys must skillfully navigate bankruptcy laws while adeptly advising clients on business plans and collection matters. Also known as a debtor-in-possession (DIP), a person or entity that has filed for reorganization under Chapter 11 bankruptcy laws needs the one thing it lacks to move […]
Class action lawsuits provide an efficient way for courts to decide disputes that might otherwise go unaddressed, benefitting plaintiffs and defendants alike. Unfortunately, these cases often take years to conclude. And they often require infusions of time and money that are beyond the reach of many law firms. Class action litigation funding fills this gap […]
Law firms must be able to meet potential client demands to land desirable commercial litigation cases. Meeting those demands can be financially difficult during the often-lengthy process of discovery and litigation, sometimes even damaging a firm’s long-term business outlook. Commercial litigation funding allows attorneys to accept the cases they want—by turning those cases into capital-producing […]
Litigation funding gives lawyers and law firms freedom from the problems associated with conventional lending options. Bank loans weigh down your balance sheet and can affect the personal credit of the guaranteeing of the firm. Litigation funding does not impose these burdens. Instead, practitioners, firms, and legal departments can use their best assets—their caseloads—to further […]
Many law firms struggle to meet expenses while managing complex and other litigation. Law firm funding is an established option that fills this void. Lawyers who investigate law firm funding legal requirements find a reliable and safe financing solution for law firms. This type of financing provides capital attorneys can use to alleviate the financial […]
Like any business, a law firm may sometimes suffer from an inconsistent income stream. But unlike other businesses, law firms have a unique option available to address this issue: law firm funding. This alternative financing method allows law firms to leverage strong cases now rather than waiting for settlement to come in later. Best of […]
Everyone celebrates the big win. But lawyers know that winning isn’t always the end of the road. Sometimes, payment for a settlement or judgment amount can be delayed months or even years due to processing issues, funding problems, settlement terms, or appeals. In the meantime, the firm has other cases to handle, ongoing overhead, and […]
The practice of law often brings unique cash flow challenges. Some clients pay hourly fees, while others under a contingency agreement may only pay from proceeds after successful case resolution. In the meantime, the lawyer or firm continues to bear operational costs. Whether your cashflow matters fit neatly into one of these examples or are […]
The private practice of law is an increasingly competitive market. Successful firms work hard to attract the brightest talent and grow their client base. Both pursuits require capital, but traditional loan financing for law firms carries risk. Non-recourse litigation funding offers the key to success, allowing firms to secure the financial resources they need to […]
Plaintiffs asserting claims against big business face an uphill battle. Cases involving commercial litigation, patent claims, antitrust and competition claims and more often present a David-and-Goliath scenario. Adding to that the typical contingency fee arrangement in plaintiff cases, many law firms struggle financially to see meritorious cases through. But there is an answer to that […]
The buying and selling of lawsuits—a decade-old practice in the U.S. known as litigation finance—continues to expand. Consider Pierce Sergenian, a six-lawyer trial boutique started this year by John Pierce and David Sergenian, refugees from the litigation powerhouse Quinn Emanuel Urquhart & Sullivan. The new firm already has an impressive array of contingency-fee cases, where […]
As a pioneer in the Litigation Finance Industry, we see capital drawn to higher returns than your standard alternative investments while being unlinked to fluctuations of the global economy. In February, we completed our financing with a 101-year-old conservative bank that traditionally turned away law firm financing due to bank regulation. We now have a […]