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Attorney Case Funding Information Center

"No Risk" Attorney Case Funding
Case Funding "Lines of Credit"
Attorney Funding Solutions...Because Law is Your Business....But Finance is Ours

1st Choice Funding offers an innovative financial approach as an invaluable service in legal support assisting attorneys who need to acquire capital for pending cases. This innovative financial service is tailored to meet the financial needs of attorney’s nationwide (except Ohio) who elect not to tie up taxable resources and cash flow during the often lengthy appeals process. Why should your firm "float the boat" for a client while you’re absorbing tax consequences even for years on monies tied up in legal expenses when a ready resource is now available which makes any firm, no matter the size, equal in financial resources thanks to 1st Choice Funding's Case Funding resources.

What is “No Risk” Attorney Case Funding? Simply put; “No Risk” Attorney Case Funding is a pooling of resources from private venture capital partners whose unlimited capital is readily available to provide a cash infusion to law firms nationally. “No Risk” attorney funding requires no monthly payments or repayment obligation if the case on appeal is unsuccessfully litigated. Further, Non-Recourse Case Funding provides cash prior to collection and is based primarily on merit. Non-Recourse Case Funding provides attorneys significant benefits as each aspect of the Case Funding positions every attorney with the financial capability of custom tailoring a "financial plan of action" for defense of the case under appeal.

Additional benefits of Non-Recourse Attorney Case Funding is a lowered cost of operations as “No Risk” Attorney Case Funding positions attorneys with the ability to achieve "interest free money." How is such possible? Please review the following information and see if you do not agree 1st Choice Funding provides legal professionals with innovative financial solutions. After evaluating the following information evaluate the financial benefits Non-Recourse Attorney Case Funding delivers. Prove beyond a shadow of a doubt the clear facts regarding “No Risk” Attorney Case Funding as a more effective cash flow management mechanism than "out of pocket cash outlays" or traditional bank financing.

With 1st Choice Funding's "No Win...No Pay...No Risk" Attorney Case Funding Loan solutions, balancing the scales of justice are now possible as our investor resources provide an inexhaustible resource of revenue. And once our preliminary criteria is met, an underwriting staff comprised of legal experts evaluate the case merits and either recommend or decline investment. It's important to note that although our investors underwrite your firms capital resources, your firms integrity is never in question as investors shall never interfere in any form with the way your firm conducts the legal process. Investor approval comes after adequate discovery is performed.

Far too often well deserving plaintiffs are unable to finance the expenses of a case, and as the attorney your firm may not financially survive the long periods of delay complex cases, prior to resolution, create. Common today are "deep-pocketed insurance companies" who leverage the imbalance at their disposal as they force premature, and monetarily inadequate settlements of meritorious lawsuits simply because the opponents resources are limited.

Once a case is approved for funding, investors advance anywhere from ten percent (10%) of the projected contingency fees to 70% depending on the status of the case, pre or post settlement Case Funding. Investor capital is available as either a one-time funding or incremental funding over time. By way of example if we estimate the value of a case to be $250,000.00 our investors will advance up to $175,000.00 to the firm with the purpose of covering all legal expenses including fees for expert witnesses, investigators, discovery and depositions, etc., thus facilitating the law firm’s ability to litigate the case to the full.

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.

For “No Risk” Case Funding of $50,000.00 or Less;

  • No Monthly Payment
  • Law Firm Loan Funding in 3-5 days
  • 1st Choice Set Up Fee 10% of Funding Amount
  • Law Firm Loan Interest Rate: 3-5% interest

    For “No Risk” Case Funding of $50,000.00 to $20,000,000.00

  • No Monthly Payment
  • Case Funding in 2-8 weeks
  • Fee includes Sliding Scale for Set Up based on Amount of Capital
  • 3-5% monthly interest

    Pre & Post Settlement “No Risk” Case Funding- the "Risk Free" Solution

    Every attorney experiences ups and downs in cash flow, and at times in the practice of law the downs and ups are closely related. Big cases increase expenses while depleting cash flow. Settled case often delay months before being compensated. With all such against your cash flow you need immediate answers to stay ahead. 1st Choice Funding offers an innovative solution through investors who leverage a "No Risk" Law Firm loan to your firms future settlement fees for cash TODAY! Busy practices need to focus on client's needs, not cash flow. 1st Choice Funding provides a solution to the cash crunch many firms experience on Post Settlement Case payoffs. Since inception, our portfolio of investors have advanced approximately $200 Million.

    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.



  • Your Law Firm Has Options…..


    *“No Risk” Case Funding require no monthly payments or repayment obligations if a case is unsuccessfully litigated.

    “No Risk” Attorney Case Funding Overview

  • “No Risk” Case Funding Is Achieved: On case merit and attorney’s credit rating and nothing more.
  • “No Risk” Case Funding Offers: "Interest free financing" as successful cases ethically are permitted to pass on as an “allowed expenses” interest.
  • “No Risk” Case Funding Repayment: Is only reimbursed on successful cases. “No Risk” means “No Risk” to the recipient.
  • “No Risk” Case Funding Provides: Financial staying power and a "win-win" scenario for the attorney.
  • “No Risk” Case Funding Eliminates: Financial worries so full devotion is allocated to fully litigating case.
  • “No Risk” Case Funding Facilitates: The best experts who provide the highest quality evidence enhancing the probability of success.
  • “No Risk” Case Funding Provides: Staying power against financially more powerful opponents.
  • “No Risk” Case Funding Produces: Immediate cash as attorney recaptures investments in case expenditures.
  • “No Risk” Case Funding Produces: A true "win-Win" scenario for the attorney of record.
  • “No Risk” Case Funding Supplies: Fiscal relief when capital allows time to litigate case.
  • “No Risk” Case Funding Provides: An equalizing when counselor is not under duress to remediate allowing resolution and collection.
  • “No Risk” Case Funding Reduces: Fiscal limitations associated with high profile case expenses.
  • “No Risk” Case Funding Means: Never turning an expensive case away again or co-counseling because of financial limitations.
  • “No Risk” Case Funding Allows: Litigation to progress rapidly because there’s no juggling of funds waiting for other cases to settle.
  • “No Risk” Case Funding Eliminates: Taxation of phantom income when earnings are re-invested in case expenditures.
  • “No Risk” Case Funding Increases: Profitability as cases with larger settlements generate increased earnings.

    What Types of Cases Are Eligible For “No Risk” Case Funding?

  • Motor Vehicle Injuries
  • Passenger Injuries
  • Pedestrian Injury
  • Personal Injury
  • General Negligence
  • Legal Malpractice
  • Civil Rights
  • Employment Discrimination Whistleblower (Qui Tam)
  • Product Liability
  • Construction Negligence
  • Class Action Mass Tort
  • Asbestos
  • Pharmaceutical Litigation
  • Airplane Accidents
  • Commercial Torts
  • Assaults
  • Commercial Settlements
  • Sexual Harassment
  • Boating Accidents
  • Tobacco/Smoking
  • Burn Injuries
  • Worker's Compensation
  • Construction Accidents
  • Dog Bites
  • Maritime/Seaman's Claims (Jones Act)
  • Medical Malpractice
  • Motorcycle & Bicycle Accidents
  • Nursing Home Neglect
  • Premises Liability (Slip & Fall)
  • Product Liability
  • Railroad Claims (FELA)
  • Wrongful Death
  • Judgments
  • Structured Settlement
  • Post Settlement


    For Attorney Pre & Post Settlement “No Risk” Click Here:

    “No Risk” Case Funding Funding Application
    “No Risk” Case Funding Portfolio Funding Application
    “No Risk” Case Funding Firm Funding Application
    “No Risk” Case Funding Probate Funding Application
    “No Risk” Appellate Case Funding Application
    “No Risk” Post Settlement Case Funding Application

    For Plaintiff Pre or Post Settlement Case Funding Click Here:

    ”No Risk” Client Funding
    “No Risk” Client Probate Funding
    “No Risk” Client Appellate Funding
    “No Risk” Post Settlement Client Funding


    1st Choice Funding's Personnel Financial Services Also Include:

    Mortgage Loans
    Fico-911 Credit Establishment & Credit Repair
    Estate Planning & Asset Protection
    Corporations & Family Trusts
    Tax Reduction Strategies
    Probate Prevention & Asset Management

    Attorney Lines of Credit – the Less Expensive Option

    Attorney Funding Solutions.... Because Law is Your Business....But Finance is Ours

    Attorney Lines of Credit are across the board a far less expensive option than “No Risk” Case Funding, especially when paying interest becomes a sensitive issue, which currently averages 1.5-2% per month. While attorney lines of credit prove to be more challenging to qualify for, the benefits of such a program delivers results nothing short of an incredible. With the open line of credit always available, law firms who leverage such an opportunity find the business of operating a law practice far more enjoyable when a cash flow explosion occurs and provides the freedom of focusing on the practice of law rather than “keeping the lights on” when case resolution is very unpredictable and at times lengthy.

    Despite legal delays leveraged by the insurance industry across the board to their advantage, successful law firms must meet operational expenses and financial challenges irregardless of receivables collected. With the attorney line of credit in place, law firms then utilize and leverage a very powerful non-traditional “asset” which traditional lending sources rarely recognize. With an attorney line of credit once established, an awesome opportunity for converting “tomorrow’s possibility into today’s certainty” changes the way a law practice is operated, clearly for the better. With the economic advantage of leveraging contingent fees, firms who opt for such recourse raise capital and increase cash flow immediately. To what extent you ask? While there are no definitive answers, however, lines of credit from 10-70% of contingent fee receivables are made available for partners to spend in any manner the practice chooses to do so. The only limitations of lien funding come from;

    Status of the cases in a portfolio
    The amount of cases in the portfolio
    The value of such a portfolio
    The credit of the principle law partners.

    Lines of credit include like any amortized trade line, monthly payments, which provide a “good faith” gesture on the part of the borrower in building a powerful tradeline relationship. While law firms secure low interest lines of credit, investors under no circumstances interfere with a law firm’s management of cases secured. Rather, instead of interfering with legal case management, business operations, or any other facet of legal management, investors rather act as “silent partner venture capitalists” that through a line of credit, provide the most effective financial bridge between today and tomorrow. When a leveraged case, securing the attorney line of credit is released by a settlement agreement, which receives distribution of proceeds, all collection rights thereafter are relinquished. With the unlimited capital resources available, firms who utilize this “financial vehicle” enjoy the fiscal freedom of nothing less than a cash flow torrent.

    Case Funding Portfolio "Credit Lines" Provide Attorneys Who Capitalize on the Opportunity With:

  • Case Funding Provides: A cash infusion through; good credit, volume of cases, and the value of the legal portfolio’s contingent fee’s .
  • Case Funding Provides: "Interest free financing" when successfully litigated cases pass “allowed expenses” at the time of settlement.
  • Case Funding Provides: Financial staying power when firms are positioned with a "win-win" scenario.
  • Case Funding Levels: The playing field and provides the economic environment for full case collectability.
  • Case Funding Eliminates: Financial worries by providing a secure ready resource.
  • Case Funding Provides: A “comfort zone” where focusing on law & not operations become possible.
  • Case Funding Employs: The best experts ensuring the probability of achieving case success.
  • Case Funding Ensures: Staying power against financially more powerful opponents.
  • Case Funding Provides: The leverage to remediate damages until case reaches full resolution.
  • Case Funding Produce: Immediate cash allowing attorney with an ability to recapture funds invested in case development & costs.
  • Case Funding Offer: A true "win-win" scenario for the attorney of record.
  • Case Funding Produce: Capital allowing attorney to complete existing cases while adding to new case files.
  • Case Funding Never: Because of fiscal limitations does a firm turn away or co-counsel with firms whose financial resources are greater.
  • Case Funding Progress: More quickly because there’s no delaying a case until other cases settle and generate revenue.
  • Case Funding Eliminates: Negative taxation of phantom income re-invested in client expenses.
  • Case Funding Increases: Profitability when larger settlements generating revenue and growth.

    Pre & Post Settlement Case Funding Lines of Credit” Are Available 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
  • Class Action Mass Tort
  • Asbestos
  • Pharmaceutical Litigation
  • Airplane Accidents
  • Commercial Torts
  • Assaults
  • Commercial Settlements
  • Sexual Harassment
  • Boating Accidents
  • Tobacco/Smoking
  • Burn Injuries
  • Worker's Compensation
  • Construction Accidents
  • Dog Bites
  • Maritime/Seaman's Claims (Jones Act)
  • Medical Malpractice
  • Motorcycle & Bicycle Accidents
  • Nursing Home Neglect
  • Premises Liability (Slip & Fall)
  • Product Liability
  • Railroad Claims (FELA)
  • Wrongful Death
  • Judgments
  • Structured Settlement
  • Post Settlement



    Attorney Pre & Post Settlement “Law Firm Line of Credit” Funding:

    “Attorney Credit Line” Funding
    “Attorney Credit Line” Portfolio Funding
    “Attorney Credit Line” Firm Funding
    “Attorney Credit Line” Probate Attorney Funding
    “Attorney Credit Line” Appellate Funding
    “Attorney Credit Line” Post Settlement Funding


    For Attorney Pre & Post Settlement “No Risk” Case Funding:

    “No Risk” Case Funding 3 Case Min. Funding Application
    “No Risk” Case Funding Portfolio Funding Application
    “No Risk” Case Funding Firm Funding Application
    “No Risk” Case Funding Probate Funding Application
    “No Risk” Appellate Case Funding Application
    “No Risk” Post Settlement Case Funding Application

    1st Choice Funding’s Additional Financial Business Services Include:

    Medical Lien Cash Buyout
    ”Family Fortress” Asset Protection
    Corporations & Trusts
    Tax Reduction Strategies
    Probate Prevention & Asset Management
    Securred Business Loans
    Fico-911 Business Credit Establishment & Credit Repair


    For More Information on Lawsuit Funding Please Review the Following Ethics Opinions:

  • Do You Want to Link to 1st Choice Funding? If So Please Click Here

    Kari Gray, EzineArticles.com Basic Author
    Alaska
    92-3
    Lawsuit Settlement Funding
    Arizona
    91-22
    Lawsuit Settlement Funding
    California (L.A. County Bar)
    500
    Lawsuit Settlement Funding
    Colorado
    96/97-17
    Lawsuit Settlement Funding
    District of Columbia
    196
    Contact the D.C. Bar at 202-737-4700
    D.C. Bar Website
    Florida
    00-3
    Lawsuit Settlement Funding
    Hawaii
    34
    Lawsuit Settlement Funding
    Illinois
    92-9
    Lawsuit Settlement Funding
    Maryland
    94-45
    Contact the Maryland Bar at 800-492-1964
    Maryland Bar Website
    Massachusetts
    83-7
    Lawsuit Settlement Funding
    Michigan
    RI-321
    Lawsuit Settlement Funding
    Missouri
    20000006
    Lawsuit Settlement Funding
    Nebraska
    00-2
    Lawsuit Settlement Funding
    New Jersey
    691
    Lawsuit Settlement Funding
    New York
    666, 769
    Lawsuit Settlement Funding 1
    Lawsuit Settlement Funding 2
    North Carolina
    2000-4
    Lawsuit Settlement Funding
    Ohio
    94-8, 94-11, 2003-Ohio-2721
    Lawsuit Settlement Funding 1
    Lawsuit Settlement Funding 2
    Rancman v. Interim Settlement Funding Corp.
    Pennsylvania
    93-145
    Contact the Pennsylvania Bar at 717-238-6715
    Pennsylvania Bar Website
    Pennsylvania (Philadelphia Bar)
    91-9
    Lawsuit Settlement Funding
    Rhode Island
    92-2
    Contact the Ethics Advisory Panel of the Rhode Island Supreme Court at 401-222-3270
    Website
    South Carolina
    94-04
    Lawsuit Settlement Funding
    Tennessee
    99-A-666
    Contact the Board of Professional Responsibility of the Supreme Court of Tennessee at 800-486-5714
    Website
    Texas
    465
    Lawsuit Settlement Funding
    Utah
    97-11, 02-01
    Lawsuit Settlement Funding
    Virginia
    1155, 1379, 1441
    For 1155, contact the Virginia Continuing Legal Education at 800-979-8253
    Lawsuit Settlement Funding
    Wisconsin
    E-92-3
    Lawsuit Settlement Funding


    Ethics Opinions - Attorney Lawsuit Settlement Funding

    Arizona
    01-07
    Lawsuit Settlement Funding
    California (L.A. County Bar)
    499
    Lawsuit Settlement Funding
    Florida
    00-3
    Lawsuit Settlement Funding
    Georgia
    92-1
    Lawsuit Settlement Funding
    Illinois
    94-6
    Lawsuit Settlement Funding
    Kentucky
    E-420
    Contact the Kentucky Bar at 502-564-3795
    Kentucky Bar Website
    Louisiana
    00-C-0414
    Chittenden v. State Farm Mutual Automobile Ins. Co.
    Maine
    152, 177
    Lawsuit Settlement Funding 1
    Lawsuit Settlement Funding 2
    Maryland
    94-24
    Contact the Maryland Bar at 800-492-1964
    Maryland Bar Website
    Missouri
    970066
    Lawsuit Settlement Funding
    New Jersey
    603
    Lawsuit Settlement Funding
    New York
    754
    Lawsuit Settlement Funding
    New York (NYC Bar)
    1997-1
    Lawsuit Settlement Funding
    (opinion relevant to lawsuit settlement funding is at bottom of webpage)
    Ohio
    2001-3
    Lawsuit Settlement Funding
    Tennessee
    98-A-659
    Contact the Board of Professional Responsibility of the Supreme Court of Tennessee at 800-486-5714
    Website
    Texas
    465
    Lawsuit Settlement Funding
    Utah
    97-11, 02-01
    Lawsuit Settlement Funding 1
    Lawsuit Settlement Funding 2
    Virginia
    1595
    Lawsuit Settlement Funding


    Case Law

    Here are some cites to 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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