What are Attorney Loans?

It is no secret that lawsuits can be expensive. One facet of lawsuits that often isn't considered by most people, however, is the expense of handling cases that attorneys must deal with. In many cases, attorneys will work off of a contingent fee basis, meaning they do not charge the client until the result or settlement is finally secured. While this particular approach to the legal business usually increases the volume of cases that an attorney can potentially be hired for, the cost can be staggering.

Attorney loans are loans issued to attorneys in order to help them maintain a sufficient operating budget so that they can handle their full case load to the best of their ability without bankrupting themselves. It is not uncommon for an attorney to become so overloaded with the expenses of one or two enormous cases, that they either have to put off or even turn down cases that they otherwise would be able to handle. Attorney loans function as a safeguard for those attorneys that find themselves in such situations. They enable the attorney to maintain a sufficient operating budget and to take on more plaintiffs' cases on a contingent basis.

How Do Attorney Loans Work?

Attorney loans, as mentioned above, function as a lifeline to attorneys who can sometimes have trouble fronting the expenses of the many lawsuits that they are handling. The attorney can contact an attorney loan firm, and discuss with them the status of their caseload, their typical business volume, expected settlement amounts, and the like. After reviewing the information, the attorney loan firm can issue funds to the attorney in a predetermined amounts so that the attorney can continue working and taking on cases. It works to the benefit of both the attorney loan firm as well as the attorney. The attorney loan company gets to earn money on the loan issued to the attorney, and the attorney gets to do more business and make more money themselves, because financing their case development costs means they don't have to turn down cases for want of money.

How Are Attorney Loans Different From Lawsuit Funding?

Attorney loans are not to be confused with lawsuit funding. Attorney loans are directed at helping the attorney themselves to be able to handle the expenses and such of the cases that they are handling. Lawsuit funding is an advance issued to a plaintiff contingent upon the eventual receipt of a settlement at the end of their case. Lawsuit funding helps plaintiffs manage their day to day life expenses, whereas attorney loans go towards paying the extensive costs of completing a lawsuit.

How can Case Funding help me or my attorney?

We help level the playing field by providing lawsuit funding for you or your attorney to compete effectively against insurance companies, large corporations, and other deep-pocketed defendants.

How is Case Funding different for Plaintiffs?

Non-recourse funding is different than a lawsuit loan. Unlike loans, advances don't require you to put up collateral; you don't need good credit; and if you lose your case, you pay nothing and owe us nothing! We give you money based only on the strength of your lawsuit, because our lawsuit funding is repaid only if you win money from your case. While your case is pending, you do not owe any installment or interest payments. You pay nothing until your lawsuit resolves.

A Leader in Lawsuit Funding

Case Funding is a leading direct provider of innovative non-recourse funding solutions for plaintiffs and attorneys who have pending lawsuits and pressing financial needs. For attorneys, our capital enables you to invest in your cases, expand your case load or even pay everyday operating expenses.

Our Services

Case Funding's programs provide plaintiffs and litigation attorneys with short-term financing by advancing money against the future proceeds of lawsuits. Case Funding minimizes financial pressures on plaintiffs until a fair settlement can be reached. For plaintiffs, CaseFunding provides non-recourse cash advances on pending lawsuits. Case Funding works with attorneys to create a financial package that meets their law firm's cash flow needs, whether in the form of full-recourse loans, or line-of-credit facilities.