Financial Assistance For Attorneys
Attorney funding is a financial tool for the plaintiffs’ lawyer and law firm. It allows them to get cash upfront by leveraging the pending settlements and trials. This cash advance solution is only for lawyers willing to share their future settlement award with our company; in exchange, we fund their cases.
Moreover, attorneys working on contingency fees generally face situations where the case keeps delaying, resulting in less cash flow. But now, with the availability of attorney funding, you can immediately get cash to cover expenses like case costs, salaries, expert witness fees, and regular operations.
Further, these cash advances are non-recourse finance, which means the risk is shallow, and you only need to repay if you win the case. Lawyers should not consider attorney funding as a loan but as an investment in your success.
Why do Lawyers Like You Need Attorney Funding?
Running a law firm is not an easy affair. You have to take care of the plaintiff’s case and focus on building your practice strong. We understand a lawyer has to pay for overhead costs, staff salaries, and case expenses. Sometimes, it may feel like the case will settle, and you will receive your fees, but some situation arises, and the case proceedings get delayed.
In scenarios like this, attorney funding can cover the gap. It will give you the financial support you need to handle your future cases, obtain expert opinions, and ultimately win big for your clients.
Benefits of Our Attorney Funding
When you select ECO Pre-Settlement Funding for your law firm lending requirements, you receive a fast, convenient funding process, reasonable rates, and adaptable options. Below are some of the key benefits we provide:
Quick and Straightforward Application
Our application is intended to get you the financing you need rapidly. We require just a few essential documents to assess your pending case. There are no long wait times – we try to extend an offer within days of receiving a complete application.
No Repayment Risk
The hallmark of our law firm loans is that they carry no risk for your practice. If your case concludes unsuccessfully, you have zero obligation to repay the funds. We don’t make any profit unless and until you win your case. This gives you financial security as you await the outcome.
Use Funds With Flexibility
We issue financing with no limitations on use. Once approved and funded, you may use the capital for any business need, including payroll, expert costs, case expenses, marketing, and general operations. We won’t dictate how you utilize the money.
Competitive Rates and Terms
Our attorney funding programs offer reasonable, fixed rates and adaptable terms tailored to your requirements. We strive to provide financing aligned with the potential value of your case and your firm’s financial circumstances.
Law Firms Can Get Financial Help, Too
Law firms across various focuses come to us for litigation financing, including personal injury, commercial disputes, class actions, etc. Below are some examples of cases well-suited for our attorney funding:
Personal Injury Firms – We provide PI law practices with funding based on pending settlement demands. This enables the firm to pay costs as cases develop rather than waiting months or years for resolution.
Class Action Lawsuits – Class actions regularly involve years of litigation before settlement. Funding allows the firm to support the case without financial strain over long periods.
Mass Torts – Attorney funding offers capital to prepare and bring these often extensive cases for firms handling mass tort claims related to events like product liability.
Commercial Litigation – Practices dealing with business and contract disputes need funding to pursue complex, document-heavy cases with extensive discovery appropriately.
Wrongful Death/Serious Injury – These emotional cases necessitate intricate work and often expert testimony. Funding enables firms to build strong cases for grieving clients.
Any firm with strong pending claims can benefit from attorney funding to ease financial pressures during cases. As you can see, attorney funding is important in promoting access to the civil court system. The right financing levels the playing field so practices can devote full attention to these often lengthy, complex legal matters.
How To Get Lawyer Funding?
Our application process is very simple, online, and convenient. If you feel your law firm could benefit from litigation financing, follow the below steps.
- Apply With Us: You can either call our team at 800-961-8924 or fill out the online application provided here.
- Share Your Funding Needs: One of our team members will understand your needs and guide you through the available funding options.
- Submit Key Documents: We will also need certain records to evaluate your request, including case summaries, fee contracts, and proof of licensure.
- Accept Agreement: Review the attorney funding agreement. If satisfactory, sign and return to finalize the process.
- Receive Funding: With a signed contract, we typically wire funds within a few business days.
Get The Money Fast With ECO Pre-settlement Funding
We understand that lawyers and law firms need money to strengthen their cases and win big for their clients. We also know that no one likes a higher interest rate on funding. Therefore, we provide the lowest-cost attorney loans to those who are willing to share their success with us. Further, once your application for a lawyer’s loan is approved, we will send you funds in less than 24 hours.
Look, we know you’ve got options when it comes to funding. But here’s why lawyers choose us time and time again:
- Years of experience in the legal funding world
- Rates that won’t make your eyes water
- A support team that picks up the phone
Our company not only provides funds but also speaks and understands your language. We are always here to help. We are also flexible because we know the legal world is anything but predictable. So, if you are an attorney who needs cash right now, just apply with us for attorney funding.