Get commercial litigation funding for all your business needs.
Baker Street Funding understands the capital needs of businesses of all sizes and how a lawsuit can jeopardize their future. This is why we founded our commercial litigation funding division, to help create custom financial solutions for companies and law firms by leveraging their future settlement award for upfront investment capital.
“Every day, businesses find themselves in a litigious environment and potentially vulnerable to bad faith actors. While the actions leading to a lawsuit can be extremely damaging to a company, we are here to help. Our commercial litigation financing division helps corporate clients and law firms navigate the waters of business litigation and provide a life-line for them in the form of readily available capital”
Daniel A. DiGiaimo, CEO of Baker Street Funding
Why finance your commercial litigation.
Many claimants and attorneys find themselves in great need of capital while litigating a lawsuit and finding an efficient funding firm to work with could add to the stress. Financing your commercial litigation with Baker Street Funding could provide you with the much-needed resources to continue your fight fast. See how commercial litigation funding from Baker Street Funding could help you.
Get lower interest rates
Our litigation funding rates are some of the lowest in the country. We base our rates on the merit and risk value of the claim and price it accordingly.
Unlock the needed liquidity fast
We help undercapitalized plaintiffs and attorneys unlock the liquidity needed for working capital to help reduce the risk that you will run out of money and prematurely settle your case for less than its proper valuation. Get immediate liquidity to pay for whatever expenses your business needs to meet.
Access non-recourse litigation financing
Baker Street Funding provides non-recourse litigation financing which means that the funds are only repaid upon the resolution of the dispute. Protect your assets and pursue litigation without worrying about monthly debt service payments or repayment before the settlement payment is received.
We serve attorneys, companies, and investors.
The expansion of the commercial litigation funding space has opened up a tremendous opportunity for institutional plaintiffs, law firms, and investors alike.
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 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.
For investors
For investors, we provide a rare opportunity to invest in a negatively correlated asset with high return potential and diversity.
Get started with Baker Street Funding's litigation loans.
See the advantages behind commercial litigation financing.
Litigation finance, which was once reserved for plaintiffs who did not have enough capital to pursue their legal claims, is now available to businesses and law firms regardless of capitalization structure. Litigation finance from Baker Street Funding allows your business to leverage the pending resolution of your case. Here are some of the advantages:
Litigation finance, which was once reserved for plaintiffs who did not have enough capital to pursue their legal claims, is now available to businesses and law firms regardless of capitalization structure. Litigation finance from Baker Street Funding allows your business to leverage the pending resolution of your case. Here are some of the advantages:
Pursue strong, yet complicated claims.
When businesses and attorneys pursue strong but complicated claims that they otherwise would not have the capital to pursue, commercial litigation funding provides them with the power to see their suit through successful completion. When a business finds itself pursuing a dispute against a large and well-capitalized defendant, they can rest easy knowing that they have a large pool of capital to pull from to continue on with their claim.
Choose the attorney you want regardless of fee structure.
As a business owner, you should not be limited in your search for representation. Consumer commercial litigation finance can allow you to work with the attorney you believe is best to pursue your claim even if they will not work on a full contingency basis.
Alleviate the need for working capital.
In choosing to fund your case with a litigation finance firm like Baker Street Funding, you can free up capital that would otherwise be allocated to the litigation, allowing you to continue to expand your business and operate normally.
Access a positive account benefit.
Money spent on litigation is an immediate expense, which can reduce earnings. Litigation financing is treated as a nonrecurring extraordinary financial product that does not negatively affect your bottom line.
See our corporate litigation finance standard procedure.
Day 1
Execute NDA and request documentation on the claim.
Day 2 - 8
Evaluate the documents and claim. Additional due diligence is also done.
Day 9
Prepare and send investment documents for execution.
Day 10
Monitor case progress moving forward. Deploy capital.
Day 1
Execute NDA and request documentation on the claim.
Day 2 - 8
Evaluate the documents and claim. Additional due diligence is also done.
Day 9
Prepare and send investment documents for execution.
Day 10 - 30
Monitor case progress moving forward. Deploy capital.
Get an institutional case loan at any stage.
We fund cases from pre-trial all the way to appeal.
Pre-trial
Pre-trial claimants have found our due diligence process extremely beneficial because our experienced underwriters can give the client a unique perspective into the strengths and weaknesses of their institutional claim and trial strategy.
Trial
We also provide clients with funds to help them better prepare for trial. Ultimately the trial strategy is up to the attorney and their client, but fresh ideas and strategies are always beneficial even if not used.
Appeal
Appeals are long and arduous processes and we strive to give appellees the ability to monetize a portion of their judgment, which mitigates the stress involved in seeing a judgment reduced or reversed. We typically look to fund up to 25% of a final award that is being appealed.
Enforcement
Our clients have used our litigation finance solutions to ensure that they have the resources to enforce and collect on their judgment by hiring counsel and asset recovery specialists. This is especially beneficial to institutional clients dealing with recalcitrant judgment debtors and cases involving sovereign entities.
Pre-trial
Pre-trial claimants have found our due diligence process extremely beneficial because our experienced underwriters can give the client a unique perspective into the strengths and weaknesses of their institutional claim and trial strategy.
Trial
We also provide clients with funds to help them better prepare for trial. Ultimately the trial strategy is up to the attorney and their client, but fresh ideas and strategies are always beneficial even if not used.
Appeal
Appeals are long and arduous processes and we strive to give appellees the ability to monetize a portion of their judgment, which mitigates the stress involved in seeing a judgment reduced or reversed. We typically look to fund up to 25% of a final award that is being appealed.
Enforcement
Our clients have used our litigation finance solutions to ensure that they have the resources to enforce and collect on their judgment by hiring counsel and asset recovery specialists. This is especially beneficial to institutional clients dealing with recalcitrant judgment debtors and cases involving sovereign entities.
Access litigation funding with Baker Street Funding.
Whether you are an individual or represent a corporation that is involved in a commercial lawsuit, contact Baker Street Funding for further review of your case.
What is commercial litigation funding?
Commercial litigation funding, also known as litigation loans for businesses or litigation funding for corporate claims, is when a third party that is not involved in the lawsuit’s legal proceedings provides the corporate plaintiff or counsel with the capital (cash advance) in return for an equity portion of their pending settlement proceeds.
Institutional investors and businesses involved in litigations.
In an ideal world, companies can find attorneys to represent their interests on a full contingency basis. This fee arrangement alleviates the pressures of dedicating capital away from normal business operations and allows a business to continue to operate without the need for additional working capital. Meanwhile, it also has the added effect of motivating the attorney to win the case and maximize the value of the settlement. Even with such a favorable arrangement, a business can still be damaged by the litigation process. The damages experienced can lead to a reduction in working capital. Even when taken on full contingency, a lawsuit can harm the cash flow and hamper their ability to grow or even survive. Depending on the lawsuit, the company’s financial health, and other factors, a business may have to take on traditional debt, which can be difficult to service.
Litigation finance and commercial cases.
In today’s legal system, justice requires capital. Litigating a commercial case is an expensive proposition, and the costs can pile up quickly. Attorneys fees, consultants, depositions, witness prep, trials, research, motions, subpoenas, and appeals can add up to millions of dollars by the end of a large corporate lawsuit. All too often, corporate plaintiffs are handcuffed in their pursuit of legal action because of the immense cost behind litigating a successful claim. Many claimants who have compelling cases abandon their legal recourse because they can not continue to proceed with the legal fees. The business litigation finance industry, while seemingly new, has been around for over 20 years. Litigation finance has transformed from a little-known secret in the legal industry, into a mainstream financial solution, that is utilized by hundreds of thousands of claimants and attorneys worldwide.
What are some of the benefits of getting litigation finance?
Major universities, Fortune 500 and 1000 companies, as well as large privately-held businesses and law firms, have benefited from business litigation financing. These are some of the benefits:
- Pay attorneys fees or case-related expenses;
- Monetize judgments under appeal;
- Put receivable capital to use immediately.
What are my chances of getting approved for litigation funding?
Only cases that pass our due diligence process and have a high potential of being successful are financed.
What type of companies can apply for litigation finance?
Any company, regardless of size or status, is eligible for litigation finance. Any company looking to limit equity and risk exposure generated through litigation is a good candidate for funding. Most companies, regardless of size, only have a limited amount of resources that they can dedicate to legal matters. If a company is using all of those resources or has used all of those resources, then a litigation loan may be a good solution for them.
How does repayment work?
Litigation finance is non-recourse. This means that the repayment of the advance is only due when the settlement payment is sent to the council and is non-recourse, meaning that you are under no obligation to repay the funds if the case does not successfully conclude.
What can business litigation finance be used for?
At Baker Street Funding we have helped business owners and law firms cover everyday expenses to help them maintain their lifestyle plus other needs that have been disrupted by legal action. Being able to draw capital by monetizing a future legal claim can not only pay for the cost of litigation, including expert testimony and travel fees for witnesses but it can also be used as working capital for companies that are bogged down by the extensive cost constraints.
Funding criteria.
Below are a few points you may want to consider before applying for litigation funding:
- Your case must have merit and a high chance of success.
Litigation funding does not come with covenants and can be used as the business sees fit. - The funds are typically non-recourse and do not have to be paid back in the case of an adverse judgment.
All litigation funding requested for plaintiffs must exceed $100,000. - Litigation funding for attorneys has no minimums.
- Any anticipated judgment must exceed $1,000,000.
- The defendant must have a clear ability to pay and a limited basis to appeal.
- The claim must have a strong potential to succeed.
We will consider default judgments without a response from the defendant if they have a solid ability to pay and the appeal process has been exhausted.