Learn more about our post settlement finance services for law firms.
Learn more about our post settlement loan services for plaintiffs.
The post-settlement funding program Baker Street Funding offers is tailor made for attorneys to gain early access to future collectable 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.
Our quick financing process is streamlined to provide you with quick access to non-recourse financing. No monthly payments are required and repayment is done upon collection.
To illustrate how our process works, you can look at a mass tort focused firm that has settled 100 claims. The firms 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.
Post-settlement funding can help you and your clients get the liquidity you need before the settlement check arrives. This allows clients to catch up on past due bills as well as pay for any immediate living expenses and it allows attorneys to pay for the cost of new contingency cases that have come in as well as payroll and other business costs.
Achieving settlement in lawsuit is seen as a big win by plaintiffs. Most attorneys know that while settlement is a milestone, it is by no means the end of the road. Settlement payments sometimes take month or years to reach the plaintiff due to processing issues, liquidity problems, appeals or even the terms of the settlement. In the meantime, the attorney must focus on other cases and managing the day to day expenses of their firms. Plaintiffs have expenses as well including rent or mortgages, utilities and other day to day living expenses that they might not be able to pay for. Get Started >
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 a up front cash advance that is paid back when the check 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:
The post settlement funding process is extremely simple and normally finalized inside of one business day. Once a funding provider reviews your case documents, including the fully executed settlement agreement, they will generate a contract for the client and attorney to sign. Once signed, the funding company will execute that lien and distribute the funds by bank wire or certified check. Normally funding companies will release up to 50% of the award to the plaintiff or 50% of the fee to the attorney.
Post-settlement funding acts as a lifeline for plaintiffs and attorneys alike, giving them access to liquidity that they otherwise could not get from a traditional financial institution. Giving plaintiffs and attorneys early access to their future receivables empowers them to make sure they are making sound financial and business decisions and not handcuffed by a long processing time of a settlement award.
While the legal system in the United States is in place to provide justice for those who have been wronged, the legal process does not always move quickly. A personal injury case can take many years to finally reach settlement. Class Actions and Mass Tort cases can take even longer because they usually span multiple jurisdictions. At Baker Street Funding we understand that you need to meet your daily needs and as a plaintiff, you are most likely going through financial difficulties, this is why we are here, to help you get through this difficult time until you receive your settlement award. If you are a plaintiff who has reached a settlement that has not paid out, Baker Street Funding's Post-Settlement Funding Solution is here to provide you with your lawsuit settlement advance in the fastest time possible.
Baker Street Funding provides advances on cases from a ‘minimum settlement’ of $50,000 to $10,000,000 or more.
If your case has settled for $50,000 or more, you are automatically qualified for an immediate settlement advance. If you need cash now and your settlement check is still months away call Baker Street Funding at (888) 711-3599 and get approved in as little as 12 hours.
Plaintiffs looking for post-settlement loans often times feel that their life has become so hard that just paying a bill cannot be done, and it goes as far as some losing their home. Cash for settlements or post-settlement loans as its widely known, can provide easy fixes to these terrible financial issues. You, the plaintiff, will no longer need to worry about losing your home or something valuable and dear to you - just because the defendant is taking its sweet time with the settlement. Since, this type of funding is non-recourse, there should be absolutely no worries whatsoever, in case something goes wrong with the verdict or settlement, the money will not have to be paid back; and not only that but we will match and/or beat any rates from our competitors with contract proof.
Baker Street Settlement Funding will fund any type of settlement, including but not limited to:
Even after a case is settled, you may find yourself waiting months or even years to see your award. Cases that are won in court sometimes require a review period or go through an appeal after the case settles. Life keeps moving and costs pile up for plaintiffs while they wait for their compensation. A settlement advance is an option for the plaintiff to help ease the financial burden and make it through until their settlement award arrives.
Baker Street Funding has committed to funding post settlement funding. We provide plaintiffs in settled cases accelerated access to the funds they are entitled to. Our investment in your case is a non-recourse financing agreement. This differs from a loan in two ways, the first is that we are investing into a portion of your settlement (post-settlement), so things like credit, job status and income do not factor into our analysis. The second difference is that if your case does not settle, or your award is never paid you owe us nothing! Non-Recourse Transaction This investment into your loan, as stated above, is a non recourse agreement. This means that we accept all the risk and you do not pay us back if your case doesn’t settle, or your award never arrives.
We will decide whether to fund your case within 2 hours from the moment you send the required documents. Please provide the following document(s) from your attorney's office and fax to (518) 500-3056, or email to email@example.com
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, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New York, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island,South Dakota, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming. We are currently NOT funding worker's compensation. We offer attorney funding and law firm financing in every state of the United States.
Historical returns do not guarantee future results. Baker Street Funding does not provide, legal, tax or financial advice and prior to making any financial decision, please consult a financial advisor or tax professional.
Lawsuit Funding, Settlement Funding and Litigation Funding: Baker Street Funding, LLC.
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