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Editor: Lauren Lipcon
Profession: IFN Program Director

Category: Lawsuit Funding News

Law.com had an article covering attorney funding or Plaintiff case funding yesterday. This article discusses the service of funding the personal injury attorney for case expenses such as hiring experts, discovery and taking a case to trial. Attorney case funding is done in one of two ways: either an advance is made on a single case (similar to plaintiff funding) and potential fees are charged out of the attorney's fees, or a portfolio of cases in invested into which is similar to a line of credit from a bank. Most attorney funding companies will offer either one or the other, but not both.

The article is very heated as far as the advantages and disadvantages of attorney funding. One side citing extraordinarily high fees but the other countering with the benefits of the service, such as being able to see the case through with the best experts and staying power which is intended to obtain the highest possible recovery.

Bottom line, if an attorney can not afford to finance the case expenses on his or her own, then attorney case funding is a great thing. A case the lawyer would not normally be able to handle, can now be taken on, thereby growing the firms practice and hopefully they will be getting bigger and better cases.

All law firms use financing of some sort. Most have lines of credit with major banks. But when a firm is trying to establish themselves and can not obtain traditional bank loans, then this may be the way to go.

If you are a law firm in need of attorney case funding, feel free to contact us through the form at the top right of this screen. We can put you in touch with a company that specializes in attorney case funding.