Lawsuit funding solutions for attorneys and law firms

Corporate litigation funding

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. A Baker Street Funding team of advisors, former litigators and executives help investors, plaintiffs, and attorneys navigate high profile corporate litigation waters while providing everyone with the tools needed for success.

For attorneys.

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.

For companies that hold strong and meritorious claims, but cannot bear the financial burden of the pursuit of those claims, litigation funding provides an effective way to eliminate the high capital outlay and risk of business litigation.

For investors.

For investors, litigation funding provides a rare opportunity to invest into a negatively-correlated asset with high return potential and diversity.

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Plaintiff-attorney non-recourse legal funding

Plaintiff – attorney legal funding types: We offer two types of legal funding for plaintiffs. These types of funding are pre-settlement funding and post-settlement funding available for clients both before and after a signed settlement agreement has been dually executed.

Plaintiff – attorney pre-settlement funding.

Most personal injury cases take up to two years to settle and payout. At this time, your client could be out of work and in need of funds for basic living expenses and medical bills. 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. We price each case individually in a non-compounding manner taking into account the risk of the case not settling. Since our contracts are strictly non-recourse and based on the merits of the case, not the financial profile of the plaintiff, we are able to provide much-needed capital to individuals who may not be able to get financing otherwise. Still, our rates are much lower than other funding firms for law firms who refer us cases.

Plaintiff – attorney post-settlement funding.

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 this 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. Our non-recourse funding agreements take this into account and give plaintiffs rates priced appropriately for that risk. If you are interested in pre or post-settlement funding please contact us at (888) 711-3599.

Monetize your fees through post-settlement financing.

Attorneys’ fees can be delayed for several 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 today. 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, all with the five-star service and low rates that we pride ourselves on. Use attorney post-settlement funding to expedite your future fees. 

Transform future fees to immediate cash.

Our post-settlement funding program is tailor-made for attorneys to gain early access to future collectible fees on settled claims. 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.

Post-settlement financing advantages.

Our quick financing process is streamlined to provide you with quick access to non-recourse financing. No monthly payments are required, and repayment is made upon collection. To illustrate how our process works, you can look at a mass tort-focused firm that has settled 100 claims. The firm’s combined fees are $2 million. Rather than wait to receive payment as settlement checks arrive, the firm can access up to $1.6 million of those fees immediately through our post-settlement funding program.

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Medical and surgery lien funding

At Baker Street Funding, our surgery funding process is quick and easy. 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 your personal injury case.

Custom surgery financing

As one of the most experienced pre-settlement funders, we can provide uninsured clients with the cash they need to pay for medical expenses.

A beneficial option for your clients

Most doctors will not perform procedures on lien so help your clients get the care they deserve and the most out of their settlement. We offer surgery funding for plaintiffs unable to afford medical procedures due to the privatization of health insurance or personal injury protection coverage.

A convenient solution

This solution works as well for attorneys as it does for plaintiffs in need of surgery because an attorney can then obtain a lien or a letter of protection post-operation.

No risk

There is no risk for surgeons as they are directly paid in full pre-operation. Baker Street Funding is committed to providing quality healthcare for plaintiffs that can not afford to do so on their own. Additionally, medical providers are paid immediately for their service at a fair and equitable rate.

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Non-traditional legal funding solutions.

Most of the law firms we work with utilize our pre-and post-settlement funding options either on a case-by-case basis or based on their current receivables portfolio. 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 at (888) 711-3599 to discuss further what fits you best.

Voucher funding for attorneys.

Many attorneys that approach us are 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 attorneys 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 then contact us, and we will advance a portion of the voucher’s face value. We will then be paid back from the state when they are able.

Attorney’s lines of credit.

Our attorney lines of credit function almost exactly the same as you would see at your local bank branch. The key 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 normally 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 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.