In the past, the only financing options available to trial attorneys and firms were hard-to-secure business loans or even less desirable overdrafts. Today, however, law firms have other options.
With litigation funding, attorneys can grow their firms without restricting themselves to cases that pay a timely fee. When law firms need investment finance options, we're here to provide capital advances for an attorney or firm so that they can concentrate on their clients.
When your firm needs investment finance options, we're in your corner, providing the financial muscle you need to protect your clients. We offer a range of efficient capital solutions, including:
When your law firm needs capital, Pravati is in your corner.
Pravati understands that some law firms need the added flexibility of an open line of credit instead of a fixed advance amount.
For these situations, we offer case cost lines of credit. We determine fees based on a firm’s open cases, and these same cases form the collateral for the credit extended. A firm with an available line of credit knows it has the freedom and flexibility to draw on that credit when most needed, including during an ongoing trial.
Case cost lines of credit include:
Sometimes, attorneys need a line of credit for one or two cases in particular rather than a portfolio of cases.
In such situations, they may need additional capital to pay investigators or experts, pay staffers, or fund other litigation-related expenses. In different situations, they may need an extra source of capital to tap into to continue advertising and taking contingency fee cases while they wait for an upcoming settlement. Pravati Capital gives individual attorneys, practices and large firms added flexibility with access to litigation funding quickly and easily.
Attorney lines of credit include:
Upon trial conclusion or settlement payment, Pravati prepares documents outlining the costs of the credit line to include in the settlement case sheet.
We understand that it’s not just law firms and attorneys who need access to capital during long trials or complex, ongoing settlement negotiations. Plaintiffs often need access to pre-settlement funds to get much-needed medical treatment, pay bills, and replace an income lost after an injury.
That’s why Pravati Capital also offers plaintiff settlement funding. Our flexible terms and fast funding allow your mass tort, personal injury, and commercial liability clients to get the treatment and income they need while still maintaining the fight for the settlement they deserve.
Plaintiff Settlement Funding includes: