Tag: Litigation Funding

5 Tips to Secure the Capital Needed for Litigation Funding

Tribeca Lawsuit Loans helps you in securing financial support so you can continue litigation for your client. 

When applying for litigation funding, a litigation financier wants a lot of information from you to ensure they will see a return on their investment at the end of the trial. Ligation funders have a series of requirements that they seek before issuing funding. The following tips will aid them to believe their money is in good hands. 

Detailed Cost Budget 

A detailed breakdown of the cost through the entire timeline of your trial will impress a financier and make it clearer for them where their money is going. Even though a trial can be challenging, a cost plan can still be made, which can even give the most unpredictable trial possibility for funding. With a breakdown of the trial’s budget, a financier can also come with a counter suggestion to get the litigation funding approved sooner. 

Quick Communication 

During the application process, the litigation financier will request a lot of information from you. Being quick with your responses will gain the trust of legal lending companies that you are on top of things. Even if difficult questions are asked that could expose certain weaknesses of your case, it is important to be open and honest about it and mention any mitigating factors. Knowing you are sincere will build trust with the legal lending company and will help enormously with potential future lawsuit loan applications. 

Solid Multiple Legal Theories 

The strength of your case is crucial for legal lending companies to approve your loan for litigation financing. A solid legal theory with potentially multiple angles and alternatives to arguing your case will be extremely valuable. This will contribute to helping a litigation financier believe in your lawsuit and see it as a good investment opportunity.

Your ability to obtain a settlement loan will be in part determined by your state’s local laws, especially those relating to how fault is determined. Tribeca Lawsuit Loans offers legal funding to clients nationwide, but we’ll need to examine the facts around your case first before making you an offer.

Solid Evidence 

If the evidence that you have built your case around is not solid, your case might not be considered as a good investment by a litigation financier. This is a direct consequence of the legal lending terms which state that the financier will only get paid out of the settlement when 

you conclude the lawsuit. Thus make sure your case is supported by robust, undeniable evidence, as it will contribute towards determining the risk profile of your case. 

Good Track Record 

Having a good track record shows that you know what you are doing. Litigation funding companies do a rigorous background check on a lawsuit they see as a potential investment. A good track record of a lawyer reflects their abilities when assessing a case. As you are key in winning the lawsuit, realizing that they are dealing with a reputable lawyer will give you the vote of confidence. Knowing that their investment is in good hands they will see a return out of the settlement. 

How Do I Apply 

Do you have a client with a winning case, and need litigation funding help to alleviate the financial burden? Our application process is straightforward and designed to get the application approved as soon as possible. As soon as it is approved we can send the litigation funding in the form of a cash advance to you within 24 hours. 

Tribeca Lawsuit Loans helps you in securing financial support so you can continue litigation for your client. 

When applying for litigation funding, a litigation financier wants a lot of information from you to ensure they will see a return on their investment at the end of the trial. Ligation funders have a series of requirements that they seek before issuing funding. The following tips will aid them to believe their money is in good hands. 

Detailed Cost Budget 

A detailed breakdown of the cost through the entire timeline of your trial will impress a financier and make it clearer for them where their money is going. Even though a trial can be challenging, a cost plan can still be made, which can even give the most unpredictable trial possibility for funding. With a breakdown of the trial’s budget, a financier can also come with a counter suggestion to get the litigation funding approved sooner. 

Quick Communication 

During the application process, the litigation financier will request a lot of information from you. Being quick with your responses will gain the trust of legal lending companies that you are on top of things. Even if difficult questions are asked that could expose certain weaknesses of your case, it is important to be open and honest about it and mention any mitigating factors. Knowing you are sincere will build trust with the legal lending company and will help enormously with potential future lawsuit loan applications. 

Solid Multiple Legal Theories 

The strength of your case is crucial for legal lending companies to approve your loan for litigation financing. A solid legal theory with potentially multiple angles and alternatives to arguing your case will be extremely valuable. This will contribute to helping a litigation financier believe in your lawsuit and see it as a good investment opportunity.

Your ability to obtain a settlement loan will be in part determined by your state’s local laws, especially those relating to how fault is determined. Tribeca Lawsuit Loans offers legal funding to clients nationwide, but we’ll need to examine the facts around your case first before making you an offer.

Solid Evidence 

If the evidence that you have built your case around is not solid, your case might not be considered as a good investment by a litigation financier. This is a direct consequence of the legal lending terms which state that the financier will only get paid out of the settlement when 

you conclude the lawsuit. Thus make sure your case is supported by robust, undeniable evidence, as it will contribute towards determining the risk profile of your case. 

Good Track Record 

Having a good track record shows that you know what you are doing. Litigation funding companies do a rigorous background check on a lawsuit they see as a potential investment. A good track record of a lawyer reflects their abilities when assessing a case. As you are key in winning the lawsuit, realizing that they are dealing with a reputable lawyer will give you the vote of confidence. Knowing that their investment is in good hands they will see a return out of the settlement. 

How Do I Apply 

Do you have a client with a winning case, and need litigation funding help to alleviate the financial burden? Our application process is straightforward and designed to get the application approved as soon as possible. As soon as it is approved we can send the litigation funding in the form of a cash advance to you within 24 hours. 

Call Tribeca Lawsuit Loans on 866-388-2288 or fill out the online form.

Litigation Funding for Lawyers: 3 Tips to Secure the Capital Needed

Litigation funding is legal help in the form of a loan, which is only repayable if you win your case. This is called non-recourse lending, recourse is a legal term which means you are entitled to claim your money back, therefore non-recourse financiers are not eligible to ask for repayments if your client loses their case. This puts the financial risk with the financier and not the plaintiff.

To make sure they will see a return on their investment, these pre-settlement loan companies uphold certain criteria when issuing loans to candidates.

Here are 3 tips to secure the capital needed:

Counsel Reputation and History

Pre-settlement loan companies require a thorough fact-check before issuing a plaintiff with a cash advance. This means that having a track record is advantageous as it provides an extensive view of your abilities and also the strength of your case. Necessary factual background checking is an important step in securing litigation funding. Legal loan companies extensively look at this and other aspects of the case to establish whether it is strong enough to be won.

Therefore having a good track record builds your credibility and trust with pre-settlement loan companies.

Meticulous Documentation of Evidence

The stronger the evidence, the stronger the case. Therefore the damages incurred should be well documented as this will be used as evidence to support your case. Medical reports, extra bills, bank statements, email communication, receipts, phone bills, call logs, a modest budget, household expenses, and income before and after the injury are a few examples of what your client might need to show to establish the extent of the damages they have incurred.

These will be used as evidence to assess the financial loss. It should be noted that the total sum of the plaintiff’s damages should be high enough to cover the litigation financier’s principal investment and interest, leaving most of the settlement for the plaintiff. A well established legal funding company will fund up to $2 million dollars for a settlement of $20 million.

Risk Profile

Legal funding companies look at the risk profile of your case when assessing a lawsuit for funding. The stronger the risk profile the stronger your case, thus a higher likelihood of your lawsuit winning.

A pre-settlement loan company will assess a risk profile by looking at specific characteristics. They will look at the validity and strength of the legal theory, this means the set of laws that will be used to argue your case. The stronger your legal theory, the stronger your lawsuit. Where multiple viable legal theories can be approached to argue your case, the better. It is also favorable if the legal theories have received good support and have been tested within the legal system. Looking at past performances, if it is obvious that your client incurred damages caused by the injury or incident, this will also strengthen your case.

These are key characteristics that a litigation financier will look at when assessing your client for a cash advance. Are you currently leading a lawsuit and are in need of a pre-settlement loan?

Get your client a cash advance in 24-hours, after a quick eligibility check by Tribeca Lawsuit Loans.

Call now on 866-388-2288 or fill out the short online form.

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