Baker Street Funding's team of advisors, former litigators, and executives help investors, corporate plaintiffs, and attorneys navigate the waters of high-profile commercial litigation claims while providing everyone with the financial tools needed for success.
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
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.
The expansion of the commercial litigation funding space has opened up a tremendous opportunity for institutional plaintiffs, law firms, and investors alike.
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.
For investors, we provide a rare opportunity to invest in a negatively correlated asset with high return potential and diversity.
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:
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.
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.
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.
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.
Execute NDA and request documentation on the claim.
Day 2 - 8
Evaluate the documents and claim. Additional due diligence is also done.
Prepare and send investment documents for execution.
Day 10 - 30
Monitor case progress moving forward. Deploy capital.
We fund cases from pre-trial all the way to appeal.
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.
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 strategy are always beneficial even if not used.
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.
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.
New York Office: 77 Water Street, 7TH floor, New York, NY 10005 || Florida office: 780 5th Ave. South, Suite # 200, Naples, Florida 34102
Office visits are by appointment only. Or call us directly at: (888) 711-3599
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.
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.
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.
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:
Only cases that pass our due diligence process and have a high potential of being successful are financed.
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.
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.
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 of litigating a case.
Below are a few points you may want to consider before applying for litigation funding:
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.
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. The term lawsuit loans, lawsuit lenders, lawsuit cash advance(s), settlement advance loans, lawsuit settlement loans, or 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.
Copyright © 2018. All Rights Reserved.
All Rights Reserved