Legal Financing Company – Financing for Law Firms and Attorneys
Legal Financing Company, also called Litigation Finance and Legal Funding; this is what Balanced Bridge Funding specializes in. We provide financing for plaintiffs and attorneys.
Here are some types of Legal Financing we provide:
- Post Settlement Funding
- Settlement Funding
- Attorney Line of Credit
- Voucher Funding
- First Year Attorney Funding
- Financing for SSDI Lawsuits as well as Veterans Disability Lawsuits
- And More!
We provide fast approval with no hassles.
Why Work with Balanced Bridge Funding?
At Balanced Bridge Funding, we are professional, courteous, fast, and discreet. Our clients like to keep their financing activities private, and we respect their wishes. When you work with us, you work with a group of true professionals with many years of legal funding industry experience.
When you work with Balanced Bridge Funding you are working with a true funding company. We are not a brokerage for someone else’s business. When you work with us, you work with the source, not a “middle man.” Going direct to a funding source can help keep costs down, maintain privacy, and ensure you are working with the people who actually make the decisions about your funding.
Legal Financing
We specialize in financing for law firms as well as litigation funding for all types of lawsuits and attorneys. If you are a law firm operating on a contingency fee basis, chances are we have financing options that will suit your requirements.
When to use a Legal Financing Company
Working with legal financing companies is often driven by the need to manage cash flow to continue operations while payments for settlements and awards is pending. It can take a long time for law firms to receive a check from a settlement or award. But they still must fund operations and manage other cases while they wait.
Legal Financing and Lawsuit Funding are excellent ways to help keep steady cash flow and finance ongoing growth.
“Opportunity waits for no one.” – even law firms waiting to be paid out from a settlement of judgement award. While you are waiting for your funds, opportunities are passing you by.
What Types of Cases Can Use Legal Financing?
In the beginning, legal financing was mostly utilized in personal injury cases. But over the years, legal financing has expanded to include nearly any type of situation where a settlement will be reached, or judgement awarded to a plaintiff.
Here are some (but not all) examples of cases eligible or Legal Financing.
- Civil Suits
- Wrongful Death
- Sexual Assault Civil Cases
- Sexual Harassment
- Employment Cases where a settlement is involved
- SSDI cases
- Veterans Disability Cases
- Class Action Lawsuits
- Plaintiff Actions
- Lawsuits against governments or municipalities
- And more.
The truth is, if you are engaged in litigation where damages will be paid out, or a judgement or settlement will likely be the outcome, you can engage with a Legal Financing Company.
About Legal Financing
Legal financing might be referred to as:
- Litigation financing
- Settlement funding
- Third party litigation funding (TPLF)
- Legal funding
- Lawsuit loans
- Consumer Legal Funding
- Commercial Legal Funding
No matter what you call it, Legal Financing companies provide funds for pending settlements.
Are Legal Financing Companies Making Loans?
No – Legal financing is not a loan.
Unlike a traditional loan, where the purpose of the loan is important and usually a requirement, money obtained from legal financing companies can be used for any purpose the recipient chooses.
Despite often being referred to as a “lawsuit loan,” legal financing is not a loan.
Several states have passed laws expressly to define legal funding as NOT a loan.
Instead, legal financing companies purchase a portion of a settlement from the “owner” for a fee. Settlements and judgements are an asset, and because they are an asset, they can be bought and sold.
Legal financing also differs from a traditional loan in that they do not require the attorney or plaintiff to pay them back directly. Legal financing companies present their “ownership” of the settlement or judgement when the time comes for the settlement or judgement to be paid out, and the legal financing company is paid directly from the lawsuit.
Are Legal Financing Companies Regulated?
As of 2022, there are no federal laws regulating lawsuit financing companies. Some states have begun looking into regulation, but in general, legal financing companies try to police themselves. There are some associations now for legal finance companies. These associations are dedicated to outlining ethical practices regarding lawsuit financing and the entire legal financing industry. Balanced Bridge Funding is a member of ARC – The Alliance for Responsible Consumer Legal Funding.
