Baker Street Funding one of the global leaders in providing bespoke legal, financial solutions for law firms, solo-practitioners, and their clients, helping them maximize the value of their litigation or arbitration.
Baker Street Funding was designed to strategically connect select legal funding opportunities with our extensive network of sophisticated partners and staff with the utmost discretion. We actively maintain strong relationships with top professional allocators in the United States. We take a holistic approach to the cases we analyze using our combined skill sets to protect your interests and take in all factors for the litigation, including past cases that you have successfully litigated. Learn more about litigation funding here.
At Baker Street Funding, we strive to develop partnerships with attorneys nationwide and in every state to provide reliable, quick, and efficient legal funding solutions for their clients and themselves. We offer multiple financing options such as pre and post-settlement funding for plaintiffs and attorney funding for counsel. We understand that clients and attorneys alike need quick access to capital to help drive the maximum amount of value possible out of their cases. For over ten years, we have organically built our business within the finance industry with accelerating momentum.
Legal funding agreements are typically referred to as law firm loans, lawyer loans, lawsuit financing, or case cost funding. This type of funding is a non-recourse investment into your future receivables. Attorney funding is convenient for financing high costs that litigation brings. Our innovative financial solutions for contingency-fee law firms address trial attorneys' unique liquidity needs, improving cash flow, and profitability. Baker Street Funding provides litigation funding for attorneys in both the pre and post-settlement timeline of a case.
You strive to be an advocate for your clients, and we want to be an advocate for you and your practice. Baker Street Funding provides bespoke financing options for plaintiffs and law firms. Our lines of credit allow you to leverage your future case fees to obtain immediate liquidity and pay for litigation-related expenses on new cases. We also offer legal funding for plaintiffs. These financing types are pre-settlement funding and post-settlement funding available for clients both before and after a signed settlement agreement has been dually executed.
At Baker Street Funding, we recognize that contingency fees are solid collateral that can secure the money you need now. Our underwriters are all former attorneys with decades of contingency fee-based litigation experience and can help you grow your practice. We only charge interest on funds drawn on your line of credit, and there are no pre-payment penalties, draw fees, or maintenance fees.
Once we receive your legal funding request, we review your application package including your basic information and list of cases.
We proceed with our own due diligence and set up a conference call to discuss any questions we may have regarding your portfolio of cases or litigation experience.
Final terms are generated and a legal funding contract is sent for your approval. Once approved and executed, we will wire out the funds to your business account that day.
We streamline communications to provide a quick turnaround time, your funds are delivered within one day of approval.
We have over ten years of experience in the industry. Our review process is one of the fastest within the market.
We establish mutually beneficial partnerships with attorneys nationwide through our results, especially for highly qualified cases.
Baker Street Funding has designed legal funding solutions with attorneys in mind. We know how traditional financing agreements are structured, and we have found a more favorable solution for our clients.
With our bespoke financial opportunities, you will never have to provide traditional collateral, such as personal guarantees or real estate. We take your receivables and current and former case inventories into account to help structure the perfect non-recourse funding agreements for your needs.
Our approval process is quick and easy. Once approved, we purchase a portion of your future receivables and provide you with either cash or a line of credit immediately. We can make all the funds immediately available or structure monthly investment payments with staggering rates of return.
We will typically purchase anywhere from 10-50% of your future fees to secure our investment into your practice. There is no limitation to how you use the capital you take from us, so rest assured that you will be able to enhance your practice in any way you see fit.
.For attorneys and their firms, institutional litigation financing provides a hedge against contingency fees and a way to help manage the cost of litigating a large corporate claim.
Corporate litigation funding is for companies that hold substantial and meritorious claims but cannot bear the financial burden of pursuing those claims; litigation funding provides an effective way to eliminate the high capital outlay and risk of business litigation.
For investors, institutional litigation funding provides a rare opportunity to invest in a negatively-correlated asset with high return potential and diversity.
The expansion of the commercial litigation funding space has opened up a tremendous opportunity for plaintiffs and investors alike. At Baker Street Funding team of advisors, former litigators, and executives help investors, plaintiffs, and their attorneys navigate the waters of high profile corporate litigation while providing everyone with the tools needed for success.
At Baker Street Funding, we provide surgical funding in connection with personal injury cases.
We help attorneys maximize their client's settlement by providing plaintiffs with much-needed liquidity.
There is no risk for surgeons as they are directly paid in full pre-operation.
All of our underwriters are former personal injury attorneys with extensive experience. They perform a quick review of the underlying facts surrounding the case and make a fast decision. With a quick response time and high speed of service, we regularly help personal injury victims receive the medical care they need ranging from minimally invasive surgeries to complex surgical procedures while strengthening the case.
Most personal injury cases can take up to two years to settle and payout. When plaintiffs have exhausted all other financing options available to them, we recommend looking into plaintiff pre-settlement funding.
While the risk profile of any case could be high, cases that have yet to settle carry a large amount of risk. This is why the cost of pre-settlement funding is sometimes high and priced individually because of the inherent risk of the case not settling for any reason.
Since our contracts are strictly non-recourse and based on the merits of the case, not the plaintiff's financial profile, through plaintiff funding, we can provide much-needed capital to individuals who may not be able to get financing otherwise.
Since settlements are typically not distributed immediately upon signing the settlement agreement, plaintiffs may see themselves in need of short term bridge capital.
For plaintiffs in a tight financial situation, post-settlement funding may be an option. While the risk profile of a settled case is low, there is still a chance that the obligor does not pay, so we price our contracts appropriately.
Post settlement funding for plaintiffs through Baker Street Funding gives the plaintiff the flexibility to change the rates and terms of the contract.
Our post-settlement funding program is tailor-made for attorneys to gain early access to future collectible fees on settled claims.
We see contingency fees as the lifeblood of any legal practice and can provide you with financing arrangements that you can not get from any bank.
Our quick financing process is streamlined to provide you with immediate access to non-recourse financing. No monthly payments are required and repayment is done upon collection.
Most of the law firms that we work with, utilize our pre and post-settlement funding options either on a case by case basis or based off of their current portfolio of receivables. Some attorneys may need a more specialized solution. With that in mind we also provide voucher funding and attorney lines of credit, feel free to give us a call so we can discuss further on what fits you best.
Baker Street Funding is often approached by attorneys appointed as public defenders (also known as indigent defense attorneys). These attorneys are on the state's payroll and receive their legal fees directly from the state that they practice in. Sometimes, when there are economic downturns or other financial issues that the state is subjected to, vouchers are used as a promissory note to pay past-due attorney fees. We have seen attorneys have to wait months to be able to redeem their vouchers. Our voucher funding program works similarly to our post-settlement funding agreements. Once a voucher has been issued to the attorney, he can contact us, and we will advance a portion of the vouchers face value. We will then be paid back from the state when they are able.
Our attorney lines of credit function almost the same as you would see at your local bank branch. The critical difference with our attorney LOCs is that we can do more due diligence into your practice and thus can provide much larger lines than a bank usually can. Because our legal funding solutions were developed by attorneys, we are familiar with what it takes to run a successful contingency fee-based practice. As expected, as your client portfolio increases, so would you line of credit. We look at it from the perspective of your firm being a living breathing thing and our attorney lines of credit being the heartbeat that helps it grow. Our LOCs will increase in lockstep with your practice as it gets new clients and successfully litigates cases.
To illustrate how our process works, you can look at a mass tort focused firm that has settled 100 claims. The firms' combined fees are $2 million. Rather than wait to receive payment as settlement checks arrive, the firm can immediately access up to $1.6 million of those fees through our post-settlement funding program.
Legal funding for lawyers was developed by attorneys and for attorneys to provide them with access to capital to run their firms and litigate cases to their fullest potential. Legal financing can be a crucial asset to contingency fee-based attorneys by helping smooth out their income stream, which can otherwise be extremely difficult to manage. Our legal funding options can be customized for each attorney to help fit their time frame demands, case budget, and capital needs. Our solutions help you gain access to capital to help build cases without waiting for more mature litigation to settle.
Synonyms: Legal funding is also known as litigation financing, legal lending, attorney funding, attorney loans, law firm loans and case cost financing.
Attorney funding is a type of legal funding that is created specifically for contingency fee based attorneys, representing personal injury plaintiffs and large commercial litigation lawsuits. There are multiple different subsets of attorney funding, including case cost financing, voucher funding, attorney lines of credit and post settlement fee advances.
Attorneys fees can be delayed for a number of different reasons like administrative issues, appeals, or slow-paying defendants. You can facilitate your future fees with Baker Street Funding’s post-settlement attorney financing; we can provide a portion of your future receivables fast.
We see your contingency fees as your most valuable asset, and we can provide more liquidity and quicker access to those fees than any traditional financial institution can.
While cases involving mass torts, minors, medical mal-practice or delayed settlements are extremely profitable for the attorneys involved, they do run the risk of running out of money before the litigation ends this is why attorney legal funding from Baker Street Funding may be beneficial to you.
Legal funding can become a great asset to your practice by helping you gain access to case flow to help pay expenses while waiting for a case to settle or go to litigation. While each attorney and firms situation is different, we have created a bespoke solution for every different type of attorney financing need. We can help you manage your portfolio of cases and provide capital based on that portfolio to help with payroll, office space and marketing capital, or we can provide case by case specific financing to help cover discovery costs, expert witness costs, administrative expenses and litigation expenses.
A typical case in the litigation process does not go to trial and it takes an average of 20 months to settle. When litigating a case, that timeline extends and there is an uncertainty surrounding whether you will successfully win a judgement. This process makes running a successful practice difficult and attorneys need some sort of financial backstop to help cover costs until their next case settles. Contingency fee attorneys are not guaranteed any economic benefit unless they win their case. If an attorney invests years of time, effort and capital into a case that settles in favor of the defendant, he or she walks away with nothing.
Many law firms looking for lines of credit approach to their local or national financial institution. These banks may provide you with a business loan or a LOC (line of credit). The problem with these products is twofold. They do not take into account the intricacies of running a legal practice and, most times, do not provide enough capital as is needed. The other issue is that unless your firm has had a long-standing relationship with the bank, you will need to personally guarantee the financing. That means you are risking the money you’ve made to secure the funds you need to make in the future. With Baker Street Funding, those worries are taken care of. Our attorney funding process is based on your current and former case portfolio. We also take into account intangible things, such as your previously settled cases. Our funding agreements are non-recourse, and thus you never have to personally guarantee our contracts.
Baker Street Funding is a Premier Legal Funding Firm designed to strategically connect select funding opportunities with our extensive network of sophisticated partners and staff. If your attorney has been retained on contingency and you have a strong liability claim against a properly insured defendant, you may qualify for a pre settlement advance; contact us to discuss your options. * The term lawsuit loans, lawsuit loan lenders, settlement advance loans, or lawsuit settlement loans may be used to refer to pre-settlement funding. Transactions facilitated by Baker Street Funding are not to be considered loans. These transactions are non-recourse financing agreements, which means that we are making an equity investment into your litigation. If you lose your case, you are under no legal obligation to repay your advance. The word loan is strictly used for marketing optimization purposes and for easier comprehension for prospective clients. Our client relationships are paramount to us, and we take the client education process very seriously. We provide legal funding and lawsuit cash advances in the following states, Baker Street Pre Settlement Funding is provided in the following states: Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Texas, Utah, Virginia, West Virginia, Washington, Wisconsin, Wyoming. We are currently NOT funding worker's compensation. We offer attorney funding and law firm financing in every state of the United States.
Historical returns do not guarantee future results. Baker Street Funding does not provide legal, tax, or financial advice and prior to making any financial decision, please consult a financial advisor or tax professional.
Baker Street Funding:
New York Office: 77 Water Street, 7TH floor, New York, NY 10005
Florida office: 780 5th Ave. South, Suite # 200, Naples, Florida 34102
Lawsuit Funding, Settlement Funding, and Litigation Funding: Baker Street Funding, LLC.
Copyright © 2018. All Rights Reserved.
All Rights Reserved