Lawsuit Financing for Plaintiffs and Attorneys.

Legal funding, also known as lawsuit funding or litigation financing, is a mechanism that allows attorneys and plaintiffs involved in a lawsuit to receive money before their cases settle in return for a portion of any financial recovery from the lawsuit.

Essentially, it’s a cash advance given to the plaintiff or law firm to cover legal costs, living expenses, medical bills, or any other costs associated with the litigation process until a verdict or settlement is reached.

All legal funding from Baker Street Funding is non-recourse. That means if the lawsuit doesn’t result in a favorable settlement or verdict, we, the funding company, cannot pursue the individual or their assets to make up for the lost investment. This sets legal funding apart from a loan, where the borrower is obligated to repay the amount borrowed, irrespective of the lawsuit’s outcome.

The process of lawsuit funding for personal injury victims involves the following steps:

Firstly, you can apply for a lawsuit loan either online or by phone. It is important to have a qualified attorney representing you in order to qualify for a pre-settlement loan.

Secondly, we arrange a conference call with your attorney to address any relevant questions. From here, we conduct a thorough analysis of the legal merits of your case, as well as evaluate the strength and duration of your claim, along with the defendant’s ability to provide compensation.

Lastly, you’ll receive a funding decision. If approved, you and your attorney will receive a funding agreement. Once complete, the funds are disbursed. The money can be transferred to your bank account on the same day, or we can send you a check via Fed-Ex for immediate delivery.

The process of litigation funding for law firms and companies is more complex and different from pre-settlement loans for personal injury claims. 

For attorneys, the litigation funding process involves analyzing individual cases or a portfolio of cases. The underwriting time varies for each application. For attorney case funding, the process typically takes around 72 hours. 

However, for corporate claimants with procedurally mature corporate disputes, the financing process can be completed in as little as two weeks or as long as two months for infancy cases.

Baker Street Funding will start reviewing your application during our initial phone call, where you give us public details about your client’s case. If we’re interested and need more information, we may ask for additional case documents and set up a call with our underwriter.

The underwriter will then make the final funding decision. Most cases referred by lawyers get funded as they typically have strong claims.

Our involvement as investors does not affect the attorney-client privilege. Multiple recent rulings in all matters of courts have upheld the fact that conversations with third-party lawsuit funding companies are protected by common interest doctrine and thus deemed privileged and confidential.

You can rest assured that you are in no way waiving any of your legal rights to confidentiality by seeking funding for a plaintiff you represent.

We fund the majority of personal injury cases and commercial litigation. 

See a case list here.