When your company lacks access to much-needed capital, it leads to a distracting, ineffective balancing act that separates your company or firm from the real core of its business.
Litigation funding offers law firms and commercial plaintiffs access to the capital they need without the risk of repayment if the case is lost. This non-recourse financing is used by law firms to offer contingency fee arrangements to clients without taking on the risk and expense of a loan from a bank. Litigation funding specialist firm Pravati Capital takes a unique approach to provide commercial plaintiffs and law firms with the bridge capital necessary to continue focusing on their business, cultivating client relationships and covering operating costs.
With settlements and court cases taking months or years to finalize, law firms often find themselves in the unenviable position of needing capital. Litigation funding can bridge the distance between the time your firm files a complaint and receives a settlement. But it can do more than that. Litigation funding can help your firm with a variety of expenses, including:
Fighting a high-profile, precedent-setting case? Need immediate capital to expand the practice? Litigation finance can be used as a safety net to secure the practice’s future, as an interim measure that turns full-contingency matters into hybrid issues, or as a way to quickly ramp up business.
The capital infusion opportunities offered through litigation funding allow commercial plaintiffs greater access to financial support than many of them can secure through traditional banking channels. The terms drafted by our underwriters are flexible and customizable to a company’s specific needs. Our non-recourse cash advances can help companies hold out for a larger settlement and continue to grow even while waiting for settlements. Litigation funding for commercial plaintiffs can be used for:
Fighting intellectual property infringement? Working through contract disputes? Protecting trade secrets? No matter what cases your company is fighting, litigation finance is your gateway to continuing business operations and controlling the narrative of your financial reporting.
At Pravati Capital, the key to our success is in identifying cases that we know have a great chance at winning. We invest in cases that our team of expert underwriters identifies as having a high probability of success. Our investment consists of a non-recourse cash advance or line of credit against the anticipated settlement. As leaders in the litigation funding field, we’re proud of the partnerships we’ve created and the law firms and businesses we’ve empowered. We’re constantly looking for ways to help strengthen law practices and businesses and ensure success for their clients. If litigation funding isn’t right for your situation, recourse funding may be a better fit. Contact us today to learn more about our capital offerings.