Your client has a solid personal injury case. His car was rear ended by a driver who was busy texting instead of watching the road. It’s just a matter of time before the case settles and the client is compensated for time off work while he recovers from injuries sustained from the accident. Unfortunately, your … [Read more…]
Plaintiff funding, while seemingly a straightforward concept, can be confusing to clients especially when they are presented with unfamiliar financial terminology and complex contracts. When there is confusion, there is a higher likelihood of unmet expectations. Most grievances about plaintiff funding costs occur when plaintiffs are surprised at the cost of the advance upon settlement. … [Read more…]
There are a multitude of companies offering pre-settlement advances to injured clients. One of the major differences among them is the way rates and fees are charged and calculated. Many legal funding companies opt for a misleading methodology in quoting their costs, which can cause tension between attorneys and clients at settlement time. Of course, … [Read more…]
Going up against a large insurance company, government entity or corporation in a serious personal injury case is no easy task. While your injured client and their family members try to cope with a painful new reality, defense counsel strategy often includes intentionally dragging out proceedings with the hopes the financially strapped plaintiff will accept … [Read more…]
As every lawyer knows, delays are part of the legal system. A case that was supposed to be resolved in a few months can easily stretch to many months or years. An initial pre-settlement advance to cover a client’s short-term expenses may not be sufficient when a case drags on and additional months of day-to-day … [Read more…]
Your client has just been injured in a car accident involving a DUI driver. To add to the trauma caused by the accident, your client now must go through an unfamiliar and confusing legal process to obtain financial compensation. One question that often arises in these cases is, How can plaintiffs pay daily living expenses … [Read more…]
Your client was seriously injured in an auto accident. He was broadsided by a distracted driver. His family lives paycheck to paycheck so without him working during the recovery, there is not enough money to cover the basic needs of his family. Pre-settlement funding, where money from a future case settlement is advanced to the … [Read more…]
When someone is injured and litigation ensues, it often starts a long and complicated process that can take months or even years to resolve. The necessary legal maneuverings can overwhelm plaintiffs whose main goal is return to their normal lives. Mounting bills and depleted bank accounts could contribute to additional stress. Fortunately, one monetary option … [Read more…]
A pre-settlement advance is not a loan. An advance on a personal injury claim is only repaid by case proceeds if the plaintiff wins. If the case does not succeed, the advance does not need to be repaid.
When clients are in a desperate need of funds while waiting for their case to settle, time is of the essence. Needless steps, errands, logistics and paperwork should not delay funding, yet that is exactly what certain legal funding companies expect. Notarized Signatures Slow Down and Complicate The Process. Some settlement funding companies demand that … [Read more…]