Many post-settlement funding companies only provide funding against large cases with big settlement amounts. That approach leaves a lot of small law firms with no opportunity to get cash to run their business. Fortunately, not all funding companies reject law firms with small cases. That’s why attorneys need to carefully research their financing options and look for companies who will work with them to find a funding solution.
Contingent fee law firms often seek financing because of their irregular cash flow. They may wait long periods of time to receive settlement funds; meanwhile there are bills that need to be paid. Two funding options that these firms use are credit lines and post-settlement funding. Each has its advantages and disadvantages so before seeking […]
No law firm wants others to know they need additional funds to run their practice. That’s why confidentiality is so important in dealing with a legal funding company. Many firms are concerned that their finances will be revealed to competitors or co-counsel. However, a reputable company should follow these rules regarding confidentiality of your application: […]
When your law firm needs legal funding quickly, the last thing you want is to have problems with your funding application. Funding companies will typically require a range of information about the firm, its finances and the settled case being funded.
