Post-settlement funding for attorneys

Achieving settlement in a personal injury lawsuit is seen as a big win by plaintiffs. Most attorneys know that while a settlement is a milestone, it is by no means the end of the road. Settlement payments sometimes take months or years to reach the plaintiff due to processing issues, liquidity problems, appeals, or even the settlement terms. In the meantime, the attorney must focus on other cases and manage their firms’ day-to-day expenses. Plaintiffs also have costs, including rent or mortgages, utilities, and other daily living expenses that they might not be able to pay for.

Post-settlement funding is a way of leveraging the settlement award and fees that a client or attorney is entitled to by using it to secure an upfront cash advance that is paid back when the payment arrives. This is done by securing the funds with a third party lien on the settlement, which the attorney will then use to pay back the principal and agreed-upon rate of return when the funds arrive from the defendant. This type of funding is utilized by both attorneys and plaintiffs and is tailored towards each individual case and the estimated time of arrival of the settlement proceeds. 

Post-settlement funding is utilized by many different types of plaintiffs and attorneys.

Below are a few of the most recent types of cases commonly qualified for post-settlement funding:

Baker Street Funding funds in most states of North America depending on state law, the states we fund are as follows: