A plaintiffs' law firm can be a tough business to operate. Not only are you in competition with the local plaintiffs' trial attorneys in your area for cases, you are also fighting off huge law firms with big reputations for some of those same cases....
The legal funding industry colloquially known as the litigation funding industry is taking off globally. Fully developed industrues are operational in places like Australia, New Zealand, and the United Kingdom. The United States of America’s legal funding industry continues to evolve. Other countries in Europe...
Litigation can be very expensive for plaintiffs’ attorneys. Once the decision is made to proceed with a lawsuit, the attorney can be looking at thousands of dollars in expenses just to start the litigation. Travel costs, depositions, filing documents, Pacer fees, Lexis Nexis fees, are...
Litigation funding has been the topic of several articles lately but instead of providing clarity, those articles have created confusion. All of those articles involve pre-settlement funders. These are companies that invest in a plaintiff’s case before the case has been resolved. They provide funds to...
Many law firms will wait to seek out post-settlement funding until they absolutely need the funds. They prefer to see whether a check will come in, so they can pay bills with their own money instead of going to a third-party. That’s why when firms...
Sex abuse claims against the Catholic Church are continuing around the country. Many of these cases are difficult to litigate because the abuse occurred years ago. In a recent case involving the Buffalo Diocese, the abuse dated back almost 40 years. Under the current law in...
There are many companies offering to provide post-settlement funding to law firms, but they aren’t created equally. Lawyers need to do their due diligence and make sure they are working with a reputable company. In addition to asking specific questions about the company’s experience and...
How much money do you need to run your practice? Where will it come from? A cash flow budget is a useful tool to help avoid short-term shortages of money. It is an estimate of all cash receipts and all cash expenditures that are expected...
The process of applying for and receiving post-settlement funding is straight-forward and quick for those who follow the funder’s guidelines. However, once a law firm gets the money, attorneys often are concerned about what happens if their settlement is held up longer than expected or...
Post-settlement legal funding is typically available in a wide-variety of cases. Any type of contingency fee case can meet the requirements for funding as long as the funder can underwrite the paying obligor; there is a written settlement agreement; and the legal fee arrangement is...