As any experienced attorney will tell you, litigation process expenses can add up quickly. Whether you’re hiring investigative experts or expensing additional discovery efforts, the cost of strengthening your client’s case shouldn’t come out of your pocket. To avoid falling into personal financial debt and to continue their efforts for their client, legal representatives often take advantage of personal injury lawsuit funding for attorneys. If you’re asking yourself, “What is lawsuit funding for attorneys?” Apogee Capital Partners is here to answer your question.
The Importance of Lawsuit Funding for Attorneys
From individual attorneys to large law firms, legal representatives everywhere benefit from non-recourse lawsuit funding. Lawsuit funding for attorneys promotes smooth and successful firm operations and can help cover the out-of-pocket expenses for more financially demanding cases.
Lawsuit funding ensures that attorneys receive their rightful payment for their legal services. Instead of waiting on a settlement, attorneys can utilize cash advances from lawsuit funding companies. Advances allow legal representatives to move forward with other operations instead of keeping everything on hold on account of financial debt. Let’s dive into the two main types of what lawsuit funding is available for attorneys, pre and post-settlement.
Before You Reach a Settlement
Perhaps you’ve yet to reach a settlement for your client’s case. In the process of reaching a settlement agreement, you may acquire out-of-pocket expenses when trying to strengthen your client’s side.
Pre-settlement funding supports attorneys and gives them a chance to focus on securing a fair settlement for their clients rather than worrying about their financial troubles. Apogee provides finances based on expected attorney costs for awaiting contingent fee cases.
After You’ve Reached a Settlement
Receiving cash from your case’s settlement can take longer than the predicted time frame. Document processing, non-complaisant parties, and other factors tend to slow the settlement check process down.
Apogee Capital Partners also provides post-settlement case funding for attorneys who need cash quick. To keep operations going and compensate for previously settled cases that you have yet to see proceeds from, contact us today.