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 […]
Credit Lines vs Post-Settlement Funding: Which One is Right for Your Law Firm?
Ensuring Confidentiality When You Apply for Legal Funding
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: […]
Avoid These Problems With Your Legal Funding Documentation
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.