The 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 funding solution, that is utilized by hundreds of thousands of plaintiffs and attorneys world wide.
In todays legal system, justice requires capital. Litigation is expensive 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 commercial lawsuit. All too often, plaintiffs are handcuffed in their pursuit of legal action because of the immense cost behind litigating a successful claim. Many plaintiffs who have compelling cases end up abandoning their legal recourse because they can not continue to proceed with the legal fees.
Litigation funding is non-recourse which means that if you lose your case, you owe us nothing. Litigation finance (also commonly known as litigation funding or business litigation finance) is when a third party that is not involved in the legal proceedings, provides the plaintiff or their counsel, with capital in return for an equity portion of their settlement proceeds.
At Baker Street Funding we have even helped business owners cover every day expenses the help them maintain their lifestyle that has been disrupted by legal action. `Many plaintiffs and attorneys find themselves in great need of capital while litigating a lawsuit and litigation finance (lawsuit advance) provides them with the much needed funds for them to continue their fight.
Major universities, Fortune 500 and 1000 companies, as well as large privately held businesses have benefited from commercial litigation funding. 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 litigation.
For commercial claims we require the following:
We will consider default judgements without a response from the defendant if they have a solid ability to pay and the appeal process has been exhausted.
There are multiple ways Baker Street Funding can assist you in your commercial litigation funding. We help investors, plaintiffs and attorneys. There are many benefits to both the plaintiff, their counsel and investors that are highlighted below.
Plaintiffs, whether they are individuals or corporations that are involved in commercial lawsuits and have an immediate or future liquidity need can contact Baker Street Funding to submit an application for commercial lawsuit funding. We help undercapitalized plaintiffs unlock 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.
Attorneys and law firms looking for working capital or case specific expenses can contact Baker Street Funding to learn more about our Attorney and Law Firm Funding platforms. We help attorneys not only accept solid cases that are undercapitalized from the beginning, but we also help reduce the risk that a client will run out of money before the litigation has run its course. We have seen historically, that our funding platform has unequivocally helped achieve larger recoveries instead of having a client settle because they are illiquid.
Pre-Trial claimants have found our due diligence process to be extremely beneficial because our experienced underwriters are able to give the client a unique perspective into the strengths and weaknesses of their 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 is 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 judgement, which mitigates the stress involved in seeing a judgement reduced or reversed. We typically look to fund up to 25% of a final award that is being appealed.
Our clients have used our funding 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 clients dealing with recalcitrant judgement debtors and cases involving sovereign entities.
We currently answer all requests in less than 60 minutes.
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Baker Street Funding is a Premier Legal Funding Firm designed to strategically connect select funding opportunities with our extensive network of sophisticated partners and staff. If your attorney has been retained on contingency and you have a strong liability claim against a properly insured defendant, you may qualify for a pre-settlement advance, contact us to discuss your options. * The term lawsuit loans, lawsuit loan lenders, settlement advance loans, or lawsuit settlement loans may be used to refer to pre-settlement funding. Transactions facilitated by Baker Street Funding, 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 advance. The word loan is strictly used for marketing optimization purposes and for easier comprehension for prospective clients. Our client relationships are paramount to us and we take the client education process very seriously. We provide legal funding and lawsuit cash advances in the following states, Alabama, Alaska, Arizona, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island,South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.
We offer attorney funding in every state of the United States.
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