Because Money Doesn't Grow On Trees...
1st Choice Funding Provides Today's "Financial Bridge" With Innovative Financial Solutions
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Attorney Funding Solution Center Because Money Doesn't Come With Instructions 1st Choice Funding Provides Innovative Solutions
With Attorney Funding Puts You're Back in the Business of Law...And Out of the Business of Finance
As professional financial consultants 1st Choice Funding brings fiscal solutions for attorney firms across the U.S. who can not turn to banks and lending institutions for law firm loans based on cases in a portfolio, no matter the worth. Delivering financially brilliant options for attorneys, 1st Choice Funding brings innovative private investors together with attorneys and positions each the "Attorney Loan" a "perfect match" for law firms across the U.S. Utilizing a “joint venture partnership” approach, with unlimited resources, attorney firms who capitalize on Attorney Loans prove to be a formidable challenge to any opponent who unaware of the financial backing, can no longer leverage what “deep pockets” once could do in forcing early settlements. With the use of Attorney Loans, firms who capitalize on the opportunity actually “level the playing field” while reducing the economic stress law practices encounter during lengthy litigation.
Each Attorney Loan or Line of Credit has been developed because commercial banks simply don't understand the business of a law practice. 1st Choice Funding specializes in providing the financial bridge law offices need it today's legal climate of deep pockets. In the following information we present an in depth explanation of each type of Attorney Funding available. The programs available each has their own set of pro’s and con’s, and it is for these reasons we present the following information as a means of educating legal professional with up to date information. In so doing 1st Choice Funding positions attorneys & their firms with the ability to make informed financial decisions. Please join us now as we present the following Attorney Funding information.
Initially it's imperative to establish the facts regarding traditional methods of operating a law firm; in a best case scenario a successful cases though won may take months, maybe even years to collect. With a “No Risk” Attorney Loan or recourse Attorney “Line of Credit”, waiting is over. With both options availalbe contingent earnings can now be available in literally days vs. the traditional waiting and delays. To illustrate let’s briefly look at a Workers Compensation case, which while not providing a lucrative return, Workers Compensation cases provide guaranteed income. The facts are even in these cases contingent earnings are not always as prompt as they should be. In such cases, when once settlement is achieved investor capital funds as soon as the plaintiff signs the release agreement. The attorneys & firms who utilize this innovative and financially sound legal services receive their fees significantly earlier than otherwise possible. The bottom line is when delayed collections create a cash flow issue resulting in "missed opportunities" such is a high price to pay and completely unnecessary when low cost, effective finacial options are on the table, and long past due.
The facts are when it comes to the “collection spectrum” more typical than not are the cases whose collection delays may last 3,6 9,12 months or more. With 1st Choice Funding’s investor resources at your firms disposal delays are a thing of the past as our resources provide capital in “days not in delays”. For firms with limited financial history, an even greater obstacle awaits when such firms seek, from traditional sources, operational capital. 1st Choice Funding understands the challenges law practices face as contingency payments and cash flow collide on a "cash rollercoaster" and what such can do to a law offices operations. Because of the overwhelming industry need for a solution outside of personal credit card lines, or bank loans, 1st Choice Funding has created innovative financial solutions through our "No Risk" and Attorney "Lines of Credit" Lawsuit Funding. As such these programs provide financial support to savvy law firms in need of a financial partner today.
You know the scenario….too often deserving plaintiffs with good cases are unable to finance case expense, and as the attorney your firm may be unable to financially survive the long delay's complex cases prior to resolution create. Common today are "deep-pocketed insurance companies" who leverage premature and monetarily inadequate settlements of meritorious lawsuits because a plaintiff's resources are limited.
With investment capital through "No Risk" Attorney Lawsuit Funding are you as the attorney able to use case merit as a qualifier for "No Risk" Attorney Funding. In fact under this program if your case is lost for any reason all funds advanced need not be repaid. With such available, 1st Choice Funding’s investor capital actually becomes a "silent joint venture partner" in your firm’s success as we position you with "No Risk" capital.
For successfully litigated cases re-payment includes advanced monies and the accrued interest but what this means to you is for highly complicated, often expensive to litigate cases, co-counseling or abandoning the case when a client cannot contribute monetarily, and when a firm has limited resources, is a scenario your frim need not face ever again. The facts are with our available and ready resources, "No Risk" Attorney Lawsuit Funding means your firm receives the “financial bridge" needed to achieve successful litigation,increase profits and improve operations.
With 1st Choice Funding's Attorney "No Risk" Lawsuit Loan solutions balancing the scales of justice are now possible, because investor resources provide an inexhaustible resource of revenue to your firm. Once the "No Risk" case criteria is met, an underwriting staff comprised of legal experts evaluate your cases merits, recommending or declining investment. Imagine the benefits this brings as an independant team of leagl experts examine your case and provide an "outside the box perspective" to your case allowing you a free objective review providing a fresh perspective. In other wards if your case isn’t strong enough to receive funding, maybe it’s not the case you want to use your resources defending and with this indepenant review opportunity you'll have the option of cutting your losses now before exhusting more uncollectable capital. While our investors underwrite your firms cases, integrity is not in question. Investors never for any reason interfere with you or your client's case, and in no way question how your firm conducts it's legal process, irregardless of your cases outcome.
Once a case is approved for funding investor advances range anywhere from ten percent (10%) of projected contingency fees to 70%, depending on the status of the case, pre, post or appellate. Additionally investor capital is available in either one-time funding or incremental funding provided over time. So if your case is worth in attorney’s fee’s $250,000.00,investor advances can be as great as $175,000.00 which provides your firm with fiscal recovery of legal expenses, including fees for expert witnesses, investigators, discovery, depositions, etc.,
With such resources available, Attorney Funding facilitates a law firm’s ability to litigate any case to the full.
Since inception, our portfolio of investors has advanced some $680 million and while some cases have reached final resolution, others remain unresolved, and this is the risk investors assume instead of your firm.
Motor Vehicle Injuries
Passenger Injuries
Pedestrian Injury
Personal Injury
General Negligence
Legal Malpractice
Civil Rights
Employment Discrimination Whistleblower (Qui Tam)
Product Liability
Construction Negligence
Mass Torts
Asbestos
Pharmaceutical Litigation
Airplane Accidents
Commercial Torts
Assaults
Commercial Appellate Settlements
Sexual Harassment
Boating Accidents
Tobacco/Smoking
Burn Injuries
Worker's Compensation
Construction Accidents
Dog Bites
Maritime/Seaman's Claims
Medical Malpractice
Motorcycle & Bicycle Accidents
Nursing Home Neglect
Premises Liability
Product Liability
Railroad Claims (FELA)
Wrongful Death
Judgments
Structured Settlement
Tractor Trailer Accident
Slip & Fall
Settled Cases
Asbestos
Jones Act
Discrimination Cases
Sexual Harassment
Wrongful Termination
Commercial Cases
Premises Liability
Appellate Cases
Probate Cases
“No Risk” Attorney Loans Require No Monthly Payments
“No Risk” Attorney Loans Require No Repayment if Case is Unsuccessfully Litigated!
“No Risk” Attorney Loans Offer:
Cash infusion based on case merit & personal credit
Contingent repayment based on successful litigation only
No repayment obligation on lost cases
“Interest free capital” when case expenses are reimbursed by client
Elimination of taxation for income received but tied up in cases expense
Growth for a practice when resources are used to increase business
Resources to hire the best experts
Resources to conduct breakthrough discovery
Resources vs worries
Provides the difference between an average year and a record-setting year
Provides immediate cash as law firm recaptures case costs
Reduces the need to refer cases to other attorneys
Prevents delays in accepting new cases because of limited cash flow
“Provides your firm with financial staying power
Delivers a “Win-Win” financial scenario
Examine carefully the chart and pay special note of facts regarding leaving your cash in a case with 0% return versus investing that cash in a tax-deferred investment account earning only 5% interest.
Rates Are Based on Successful Settlement
For Short Term Attorney Lawsuit Loans No Monthly Payment
Lawsuit Loans of $50,000.00 or less;
Lawsuit Loan Funding in 3-5 days
Set Up Fee 10% of Funding Amount
Lawsuit Loan Interest Rate: 3-5% interest
No Monthly Payment Long Term Attorney Lawsuit Loan Funding
For Advances of $50,000.00 to $20,000,000.00:
Funding in 2-8 weeks
Set Up Fee includes Sliding Scale Based on Capital Received
3-5% monthly interest
Because of our philosophy, every case in your law firm's portfolio has a potential “receivables value”. While no business runs without cash, few companies provided contingent fee litigation funding.... that is until now. 1st Choice Funding's investors believe "attorney receivables" are an asset to be leveraged and as such they extend to law firm's the ability to borrow when needed because the best cases demand resources to win.
Attorney "Lines of Credit"- The Lower Cost SolutionPre Settlement "Lines of Credit"
Post Settlement "Lines of Credit"
Appellate "Lines of Credit"
Attorney Funding "Lines of Credit" -A Financial Solution
Every attorney experiences ups and downs in cash flow, and at times downs and ups are closely related. Big cases increase expenses while depleting cash flow, settled case often delay months before being compensated. With so much against your cash flow, your firm needs immediate answers to stay ahead. 1st Choice Funding offers an innovative solution for busy practices allowing you to focus on your case not your cash.
If the fees your firm has earned is being paid by a credit worthy source, our investors will provide the capital you need now no matter if your fee’s are being paid by a large insurance company, a rural town, or an international corporation, 1st Choice Funding's investor capital can position you with financial leverage today!
Attorney Funding......Because Law is Your Business ....But Finance is Ours
PARTIAL FUNDING: Our investors may purchase all or a portion of your interest in a signed settlement agreement. Often you may need immediate cash for specific expenses associated with a suit. Bottom line: immediate cash flow is smoothed out.
FOR SOPHISTICATED PRACTICES: Many attorneys have more sophisticated funding needs and such recognize the time value of money and in a time of rapidly changing stock market prices, frequent investment opportunities, active cash management, and vendor discounts for quick payment. Too often large institutions sit on your money, while you have to make hard decisions about what type of cases you can pursue or let those golden investment opportunities slip away ... all because you don't have immediate access to your funds. When confronted with such a situation 1st Choice Funding works to assist in achieving cash flow needs.
PEACE OF MIND: It just feels better knowing there’s money in the bank. By letting us fund all your settlements, you get cash now and don't have to wonder when your funds will be coming in. No more worrying about the next payroll or whether you can handle an unexpected expense. How much is a worry-free night of sleep worth to you?
Attorney “Lines of Credit” Funding Provides:
Low Monthly Payments Keeping Cash Flow Strong
“Interest Free Capital” When Case Expenses are Reimbursed
Tax Relief Created by "Phantom Income" Invested in Case Expenses
Grow Your Practice When Capital Isn't Tied Up In Case Expense
Win More Cases By Hiring The Best Experts
Capital Based on Case Merit & Personal Credit
Resources to Conduct Breakthrough Discovery
Never Having To Be Concerned About "Keeping the Lights On" When Case Collection Delays
Record-Setting Earnings
Receive Immediate Cash When Recapturing Case Expenses
No Financial Need to Refer Cases to an Other Attorneys
Hire The Best Staff & Improve Operations
Keep Cash Flow Strong- No "Case Juggling" Waiting For Collections
"Provides Financial Staying Power"
Delivers a “Win-Win” Financial Solution
How Attorney "Lines of Credit" Work
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A line of credit is established for your firm for funding case expenses.
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Your firms is billed for interest on a monthly basis.
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When you complete a case, you request a payoff quote which includes all interest and costs paid by your firm to date.
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The payoff quote is the documentation you need to add the costs to the completed case’s settlement sheet, thereby reimbursing your firm for all case and interest costs.
Attorney "Line of Credit" Funding
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1. Turns your case expenses into cash.
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2. Provides commercial lending.
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3. Provides specialized accounting services.
Attorney "Lines of Credit" Funding…… What Investors Don’t Do
Attorney "Line of Credit" Funding....Does Your Firm Qualify?
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Your firm may qualify if the firm is financially stable.
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Your firm has a successful track record of trial law practice.
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The partners of your firm have good credit.
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You and your firm have not been sanctioned for ethics problems.
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You have more than $50,000 tied up in case expenses.
What Does an Attorney Funding “Line of Credit” Cost?
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Our investor’s rates float with the Prime Lending Rate (as published in the Wall Street Journal). Although we don’t publish our pricing online, you can request a detailed proposal for your firm including exact costs.
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IMPORTANT: In addition to rates being very reasonable, our services enable your firm to get reimbursed from your cases for 100% of the cost of our services. So the net cost to your firm is zero.
Yes you earned it and yes you even paid taxes on it, but while it was tied up in case expenditures you benefited none, now look at the value of the cash you tie up in case expenses in the following chart, the “free money you donate to your clients” actually shrinks due to inflation, plus there’s the very real possibility your loosing opportunities to invest your cash in appreciating assets.
Examine carefully the chart and pay special note of facts regarding leaving your cash in a case with 0% return versus investing that cash in a tax-deferred investment account earning only 5% interest.
Attorney Firms Have Financial Options….
Rates for Attorney Funding Based on Successful Settlement
For Short Term “Lines of Credit” Attorney Funding Please Note: Small Monthly Payment
Attorney Funding of $50,000.00 or less;
Attorney Funding in 3-5 days
Set Up Fee 10% of Funding Amount
Attorney Funding Interest Rate: 1.5% interest (rate will be provided)
Low Monthly Payments
For Large Attorney Funding “Lines of Credit” Please Note:
For Advances of $50,000.00 to $20,000,000.00:
Funding in 2-4 weeks
Set Up Fee Based on Amount of Capital Acquired
1.5% monthly interest (rate will be provided)
For an Attorney Funding “Line of Credit” Application Click Here
1st Choice Funding provides a financial solution to the cash crunch law firms experience for the following case types:
Motor Vehicle Injuries
Passenger Injuries
Pedestrian Injury
Personal Injury
General Negligence
Legal Malpractice
Civil Rights
Employment Discrimination Whistleblower (Qui Tam)
Product Liability
Construction Negligence
Mass Torts
Asbestos
Pharmaceutical Litigation
Airplane Accidents
Commercial Torts
Assaults
Commercial Appellate Settlements
Sexual Harassment
Boating Accidents
Tobacco/Smoking
Burn Injuries
Worker's Compensation
Construction Accidents
Dog Bites
Maritime/Seaman's Claims
Medical Malpractice
Motorcycle & Bicycle Accidents
Nursing Home Neglect
Premises Liability
Product Liability
Railroad Claims (FELA)
Wrongful Death
Judgments
Structured Settlement
Tractor Trailer Accident
Slip & Fall
Settled Cases
Asbestos
Jones Act
Discrimination Cases
Sexual Harassment
Wrongful Termination
Commercial Cases
Premises Liability
Appellate Cases
Probate Cases
Ethics Opinions – Plaintiff Lawsuit Settlement
Funding
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Ethics
Opinions For Attorney Funding
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Case
Law
Here are some court decisions relevant to lawsuit settlement funding:
Saladini v. Righellis, 426 Mass. 231, 687 N.E.2d 1224 (1997)
Osprey, Inc. v. Cabana Ltd. Partnership, 340 S.C. 367, 532
S.E.2d 269 (2000)
Kraft v. Mason, 668 So. 2d 679 (Fla. App. 4th Dist. 1996)
Rancman v. Interim Settlement Funding Corp., 99 Ohio St. 3d
121, 2003-Ohio-2721 (2003)
Dopp v. Yari, 927 F. Supp. 814 (D.N.J. 1996)
Nyquist v. Nyquist, 841 P.2d 515 (Mont. 1992)
Aldrich v. Aldrich, 260 Ill. App. 333 (1st Dist. 1931)
Embola v. Tuppela, 127 Wash. 285, 220 P. 789 (1923)
Charlotte-Mecklenburg Hospital Authority v. First of Ga. Ins.
Co., 340 N.C. 88, 455 S.E.2d 655 (1995)
Achrem v. Expressway Plaza Ltd. P'ship, 112 Nev. 737, 917 P.2d
447 (1996)
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