Law Firm Financing
Contingency arrangements in the legal profession were
designed to help the "little guy" stand up to big and powerful
defendents, and help them overcome inspite of tremendous
inequities. Lawsuit advances help to ensure justice for the
small plaintiff in cases where the two parties in a courtroom
are not evenly matched in financial resources.
A plaintiff with modest resources, no longer needs to have a lot of cash to
address an injustice. When a plaintiff has no alternative than to enter a court case, attorneys will sometimes take on the case on a contingency basis. The plaintiff does not pay any fees until the case reaches a favorable settlement. If the attorney is unsuccessful in winning the case or negotiating an adequate out of court settlement, they receive no compensation and the plaintiff pays nothing.
Contingency cases create a challenge for attorneys because they also have to
wait months or years for a settlement, just as the plaintiff does. The attorney puts in effort and resources which can result in a subtantial drain of the law
firms cash flow. When a firm takes on several of these cases, it becomes very difficult. They still need to pay the staff and keep the business running,
whether their cases have settled favorably or not. Cases like personal injury, wrongful death, malpractice, and others.
Law firm financing can be a solution for these cases. Law firm financing allows
attorneys and law firms to get a cash advance against a package of cases. While plaintiff cash advances offer cash up front for one case, law firm advances help with the needs of the attorney and firm against a number of pending lawsuits and appeals cases. These types of advances can be used for expert witnesses,
and other things to give them a position of strength, and helps to cover expenses while they are trying to obtain justice for their clients. This gives them time to
get the best possible settlement for their clients, while enabling them to take on more cases, which keeps the firm growing. Law firm funding helps legal professionals grow their practices and client bases.
There are special sections where lawfirms can learn about business lawsuit funding. This information is for attorneys that want to give the highest level of service to their clients and lay the groundwork for their practices.
Apply Today! Freedom First Funding
360 892 6667 Toll Free: 877 386 3374
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