FAQ
• How much can I borrow?
Case Funding provides law firms with recourse and non-recourse advances ranging from $50,000 to $500,000.
• Why not a bank?
Banks are the cornerstone of our economy, and are often the cheapest way for companies to acquire financing-unless you are a contingency fee-based law practice. As you know, banks, as a rule, can’t and don’t assume a lot of risk, and their cookie cutter approach means that they have to apply the same criteria to every potential borrower. And in terms of contingency fee-based law practices, we all know that banks simply don’t have the tools to properly evaluate the true value of your portfolio of cases.
Case Funding has those tools, the knowledge, and the financing to help you realize the true value of your cases—so you can quit the exhausting search for financing, and do what you do best: practice law. Our legal experts value the greatest asset on your balance sheet: your case portfolio, and the contingency fees that you are likely to receive on them. It is against those assets that we advance funds.
• What is a Recourse Program?
Case Funding designs customized practice financing—full or partial recourse programs catering to your firm’s needs.
Our recourse programs require a full credit check of your law firm’s partners, as well as a pledge of the contingency fees associated with your firm’s cases and a guarantee of repayment from your firm and its partners. However, we typically can provide you with significantly more funding than traditional lending institutions.
• What are the terms?
Case Funding provides credit facilities for law firms with terms ranging from one to four years. The actual cost of the advance is determined by the riskiness of your case(s).
• In what states does Case Funding operate?
Case Funding funds law firms in all 50 states and the District of Columbia.
• What are the fees?
- An Underwriting Fee to underwrite your cases and perform due diligence.
- Depending upon the complexity of the deal, a structuring fee may be added to the balance of the note, payable upon the maturity of the note or the advance—in that way, our work is paid for at the point in time in the future when you bring the cases we finance to a successful conclusion.
• What documents do I need to submit?
• Is this a loan?
In some states, Case Funding provides loans; in other states, advances. The type of funding that Case Funding uses is predicated on and governed by state laws.
• How is the funding repaid?
- In a loan structure, Case Funding is paid monthly interest, and is repaid its principal as your cases pay off.
- In an advance structure, Case Funding is repaid solely out of proceeds of your cases.
• Is this legal and ethical?
Yes. We strictly adhere to all state laws and statutes, and have since 2003.
• Is Case Funding involved in my cases?
Case Funding does not have any control over the management of your cases. All decisions regarding your cases are up to you and your clients.
• What types of cases will you take as collateral?
Our underwriting specialists have expertise in a variety of areas of law. Cases we typically fund include, but are not limited to:
- Asbestos/Mesothelioma
- Assault
- Automobile Accidents/Motorcycle Accidents
- Aviation Accident
- Back Wages
- Breach of Contract
- Burn Injuries
- Ceiling Collapse
- Commercial Litigation
- Divorce Cases
- Dog Bite/Animal Attack
- Drug/Pharmaceutical Cases
- Accutane
- Actos
- Adderall
- Arava
- Aredia
- Avandia
- Bausch & Lomb ReNu
- Baycol
- Baytril
- Bextra
- Celebrex
- Chantix
- Cipro
- Crestor
- Depakote
- Dilantin
- Ephedrine
- Fen Phen
- Fentanyl
- Floxin
- Fluorquinolone
- Fosamax
- Gadolinium
- Guidant Heart Devices
- Heparin
- Kugel Mesh Patch
- Levaquin
- Medtronic Defibrillator
- Meridia
- Naproxen
- Natrecor
- Noroxin
- Norplant
- NuvaRing
- Ortho Evra
- Oxycontin
- Palladone
- Paxil
- Permax
- Plavix
- Prempro
- Propulsid
- Remicade
- Rezulin
- Ritalin
- Serevent
- Seroquel
- Serzone
- Tequin
- Thimerosal
- Trasylol (Aprotinin)
- Viagra
- Viga
- Vioxx
- Zelnorm
- Zicam
- Zocor
- Zometa
- Zoloft
- Zyprexa
- Fraud Cases
- General Negligence
- Jones Act/FELA Cases
- Labor Law
- Legal Malpractice
- Medical Malpractice/Dental Malpractice
- Nursing Home Abuse
- Police Brutality
- Premises Liability
- Product Liability
- Securities
- Settled Cases
- Sexual Harassment
- Slip & Fall/Trip & Fall
- Social Security/Disability
- Tobacco
- Toxic Mold/Chemical Intoxication
- Wills/Inheritances (some)
- Workers Comp
- Wrongful Death
- Wrongful Imprisonment
- Wrongful Termination
Lawsuit Funding Information Resources
Case Funding is an industry-leading provider of lawsuit funding to plaintiffs so they can minimize the pressure to settle their case because of economic stress. We have a growing number of lawsuit funding related information resources in our about section to help you better understand how lawsuit funding and the legal finance industry works.
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Lawsuit Funding
Lawsuit funding is simply funding that has been made available to a party involved in a lawsuit. Lawsuit funding may have been provided by a individual, or a company who seeks an interest in the proceeds of a lawsuit. Since lawsuit funding is a relativly broad term, it is often used to describe many different types of lawsuit related funding options. Generally, the major parties involved in a Lawsuit funding transaction are a plaintiff, their attorney, and a lawsuit funding provider who receives fees or, in some cases, interest upon the maturity of their funding agreement. Lawsuit funding, however, can come in many forms including loans and cash advances, and can be described by alternative terms like legal funding or lawsuit money.
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