Baker Street Funding strives to be the best legal funding partner to plaintiffs' attorneys by offering a broad spectrum of wholesale litigation capital, driven by our unique footprint. Working together, we offer innovative financin solutions to law firms, companies & plaintiffs.
Baker Street Funding is a national leader in providing special relationship-based pricing for law firm referred cases. We aspire to be the trusted legal financier to our clients, which include law firms, attorneys, and corporations. Our Law Firm Funding division is at the front end of Baker Street Funding's client franchise. Its structure is designed specifically for attorneys. This allows us to better serve our clients' strategic and financing needs across the United States. Get bespoke legal finance solutions for you or your plaintiff clients. Maximize the value of your litigation or arbitration. Get the money your law firm needs.
Baker Street Funding was created to strategically connect select legal funding opportunities with our extensive network of sophisticated partners and staff with the utmost discretion to you. We actively maintain strong relationships with top professional allocators in the United States and take a holistic approach to the cases we analyze using our combined skill sets to protect your interests. Through our funding products, we establish mutually beneficial partnerships with attorneys and law firms nationwide.
We are focused on being a significant legal financier and provider of capital services to attorneys and their clients, which, in turn, enables them to achieve their strategic litigation goals.
We strive to provide best-in-class funding services and execution excellence on the most complex cases across the US in order to help our clients grow.
Our legal funding solutions can be customized for each attorney to help fit their time frame demands, case budget, and capital needs. Maximize the value of your case(s) at a low cost while minimizing the financial burden of waiting to be compensated upon settlement.
Attorney funding, a legal funding product, was specifically developed for contingency fee-based attorneys, representing personal injury plaintiffs and large commercial litigation lawsuits. Attorney funding, typically referred to as litigation financing, law firm funding, lawsuit funding for attorneys, lawyer loans, or case cost funding, was developed by attorneys to provide them with access to capital to run their firms and litigate cases to their fullest potential. This type of funding is a non-recourse investment into your future receivables.
You strive to be an advocate for your clients, and we strive to be an advocate for you. Baker Street Funding has developed legal funding with attorneys in mind. We know how traditional loan agreements are structured, and we have found a more favorable solution for our clients.
Baker Street Funding provides bespoke financing solutions for law firms with lines of credit that allow you to leverage your future case fees to obtain immediate liquidity and pay for litigation-related expenses on new cases in as little as 72 hours. Lawsuit financing is also helpful for plaintiffs in need of immediate funds. Plaintiffs can receive funding from their pending settlements as a lump sum or monthly installments in as little as 24 hours.
You can access multiple financing options such as pre and post-settlement funding either for plaintiffs involved in corporate litigation and personal injuries or for law firms looking for case funding at any stage.
Our innovative financial solutions for contingency-fee law firms address trial attorneys' unique liquidity needs, improving cash flow, and profitability. Get clear, transparent pricing so you always know what you’re paying. Rates for lawyer funding start at 2% monthly non-compounding with a 3-year cap.
We streamline communications to provide a quick turnaround time, your funds are delivered within one day of approval. Our review process is one of the fastest within the market. We understand that plaintiff-clients and attorneys alike need quick access to capital to help drive the maximum amount of value possible out of their cases.
Most law firms that we work with utilize our pre-settlement and post-settlement funding options either on a case-by-case basis or based on their current portfolio of receivables. Some attorneys may need a more specialized solution.
Baker Street Funding provides attorney case financing, corporate litigation funding, surgery lien funding, post-settlement financing for law firms, lawsuit funding for plaintiffs, voucher funding, and attorney lines of credit. Feel free to give us a call so we can discuss further what fits you best.
Baker Street Funding helps navigate the waters of high-profile commercial litigation financing all the way to success. The expansion of the commercial litigation funding space has opened up a tremendous opportunity for plaintiffs and investors alike. The 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.
For attorneys and their firms, we provide a hedge against contingency fees and a way to help manage the cost of litigating a large corporate dispute.
For companies that hold substantial and meritorious claims but cannot bear the financial burden of pursuing those claims, commercial litigation funding provides an effective way to eliminate the high capital outlay and risks that come with the litigation.
We provide a rare opportunity to invest in a negatively correlated asset with high return potential and diversity for investors.
At Baker Street Funding, we provide surgical funding in connection with personal injury cases. 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.
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.
Pre-settlement legal funding is convenient for financing the high costs that litigation brings, and it may be the right option for an attorney who needs more capital to build a winning case or to litigate a long case to completion. With a funding advance, attorneys can afford to put more resources into the research, travel, and discovery needed to reach the most beneficial settlement. Like the pre-settlement funding option available to plaintiffs, pre-settlement financing for law firms is available only before a case has been settled. The premium for pre-settlement funding is higher than that for other types of legal funding because there is a greater risk that a case will not be settled, and thus a greater risk that the advance will not be repaid.
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.
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 process is streamlined to provide you with immediate access to non-recourse financing. No monthly payments are required and repayment is done upon collection.
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.
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 egal funding was 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 your 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.
Baker Street Funding provides litigation funding for attorneys and plaintiffs in both the pre and post-settlement timeline of a case. The two main types of plaintiff lawsuit funding are pre-settlement and post-settlement funding. As their names suggest, pre-settlement funding is available before a case has been settled, while post-settlement funding becomes an option after a settlement has been reached.
Legal funding can help your client when they need to borrow from their expected settlement to pay their necessities fast and at a low cost.
Since settlements are typically not distributed immediately upon signing the settlement agreement, plaintiffs may see themselves in need of short term bridge capital. Baker Street Funding provides immediate cash for your client's needs.
Once we receive your legal funding request, we will review your application package including your basic information and list of cases, or if you are looking for products such as client funding, we will review the case details.
We then proceed with our due diligence and set up a conference call to discuss any questions regarding your portfolio of cases or litigation experience. If you are requesting funding for a client, we will set up a conference call with you to help value the case.
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 or your client's bank account via wire or FedEx next-day check.
As with any business, running a law firm requires a steady flow of capital. Many attorneys struggle to maintain a successful legal practice simply because of fee delays. Those fees are the lifeblood of any thriving practice: without them, it becomes almost impossible to build cases, to find new clients, or even to meet basic expenses like payroll.
Different types of legal funding options are designed to fit the needs of everyone from solo practitioners to larger firms, allowing all types of contingency fee attorneys to build their caseload and litigate properly while waiting on more mature litigation to be paid out.
Law firm financing can be a great asset to contingency fee-based attorneys. It helps them gain access to cash flow to help pay expenses smoothing out their income stream, which can otherwise be extremely difficult to manage. While each attorney and firm's situation is different, we have created a bespoke solution for every different type of financing need. We can help you manage your portfolio of cases and provide capital based on that portfolio to help with payroll and marketing capital, or we can provide case by case specific financing to help cover discovery costs, expert witness costs, administrative costs, and maintain an office space without worrying about running out of capital.
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.
Litigation is an uncertain process, as well as notoriously lengthy. The typical personal injury case, for example, will take about two years from the initial filing of the complaint to settlement. While that two-year period may seem like a long time to wait for a paycheck, MDLs, torts, and malpractice cases can take much longer. When litigating larger cases or cases involving minors, governments, or international entities, that timeline extends, settlement delays of ten or fifteen years are not uncommon, and there is uncertainty surrounding whether you will successfully win a judgment.
While these cases are extremely profitable for the attorneys involved, they run the risk of running out of money before the litigation ends. This process makes running a successful practice difficult, and attorneys need some financial backstop to help cover costs until their next case settles. This is why attorney legal funding may be beneficial to you.
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.
Law firms who are looking for lines of credit tend to approach 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 you will need to personally guarantee the loan unless your firm has had a long-standing relationship with the bank. 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. The 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.
If your client wants to apply for funding, they will need to fill out the application form or answer a few questions from one of our team members to determine initial eligibility. Baker Street Funding will then ask you for some documentation surrounding your client's claim. Generally, we will require documentation establishing liability, injuries, and insurance information for the defendant. Once we receive those documents, we will review the claim and, most times, make a funding decision immediately after. If we have additional questions or need clarity regarding certain documentation, we will email you our questions. Once those questions are answered we will then be able to make our funding decision. Once a funding decision is made, we will provide you and your client with a copy of our contract. After reviewing the agreement with your client and answering any questions you may have regarding the agreement, we will ask the client to execute the paperwork and have you provide us with acknowledgment of our lien. After receiving both client signature and attorney acknowledgment we will release funds to the client in the manner they request (bank wire or check).
After discussing your client's needs and financial situation, we will analyze the claim. We base our funding decisions on our perceived net present value of the claim and will structure our funding amounts based on that value and the client's needs.
Baker Street Funding will advance a minimum of $1,500 in funding to plaintiffs involved in non-settled claims. On settled claims, we require that the gross amount due to the plaintiff be no less than $50,000.
At Baker Street Funding we strive to provide you with the best rates and fees available. Our contracts are priced on a case-by-case basis but generally will be around 3% a month non-compounding for plaintiff loans. We provide reduced rates for clients that are referred to us by their attorney or medical provider.
Baker Street Funding is a Premier Legal Funding Firm designed to strategically connect select financing opportunities with our extensive network of sophisticated partners and staff. Terms and Conditions Apply. WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AT ANY TIME WITHOUT NOTICE. To qualify for legal financing, a consumer must be (1) an attorney, or (2) you must be a corporate plaintiff looking for a minimum of $750,000 in litigation funding or a minimum of $50,000 in post-settlement funding, or (3) you must be a personal injury, civil rights or employment/labor law plaintiff with a retained lawyer on contingency; you must be at least 18 years of age, you must have a strong liability claim against a properly insured defendant, you must reside in an eligible state, and meet our underwriting requirements. Contact us to discuss your options. Not all borrowers receive the lowest rate. To qualify for the lowest rate, your attorney must contact Baker Street Funding and meet other conditions. If approved, your actual rate will be listed in your contract. Historical returns do not guarantee future results.
*We do not currently provide financing to plaintiffs looking for lawsuit finance residing in Arizona, Arkansas, Kansas, Maryland, Nevada, Oklahoma, West Virginia, or Washington D.C. We reserve the right to change the states where we provide services to without notice.
Attorney funding is provided throughout all states of the United States. The states we currently provides services to are:
Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New York, North Carolina (Minimum $25K), North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.
We currently fund Colorado at a minimum of $75,000. Case value must be at least $750,000+.
We currently fund North Carolina at a minimum of $25,000. Case value must be at least $250,000+.
d**We not provide services for workers’ compensation.
***This website and advertising are provided by Baker Street Funding, LLC to the extent that there is advertising related to Baker Street Funding, LLC. Transactions facilitated by us 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 legal advance. Any word related to a loan(s), lending, lender(s), borrow(er), and cash advance(s) may be used to refer to legal finance. The words and any of its forms: loan(s), lender(s), lending, borrow, and cash advance(s) are strictly used for marketing purposes and easier comprehension for prospective clients. Our client relationships are paramount to us, and we take the client’s education process very seriously.
All information provided in this site is for educational purposes only and should not be taken as investment, legal, tax, or financial advice. We do not provide investment, legal, tax, or financial advice and prior to making any financial decision, please consult a financial advisor, an attorney, or tax professional.
All funding is subject to approval. Additional restrictions may apply. Call for details at 888-711-3599.
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 Financing, and Litigation Loans: Baker Street Funding, LLC.
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