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Law Firm Funding Information Center

"No Risk" Attorney Firm Funding
Law Firm 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 Firms. 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 Firm Funding resources.

What is “No Risk” Attorney Firm Funding? Simply put; “No Risk” Attorney Firm 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 Firm's cases leverage are lost in litigation for any reason. Further, Non-Recourse Firm Funding provides cash prior to collection and is based on merit and credit worthiness of the firm. "No Risk" Firm Funding provides attorneys with significant benefits as each aspect of the Firm Funding opportunity positions every attorney with the financial capability of custom tailoring a "financial plan of action" for defense of the Firm under appeal.

With 1st Choice Funding's "No Risk" Attorney Firm 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 Firm 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 Firm, and as the attorney your firm may not financially survive the long periods of delay complex Firms, 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 Firm is approved for funding, investors advance anywhere from ten percent (10%) of the projected contingency fees to 70% depending on the status of the Firm, pre or post settlement Firm 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 Firm 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 Firm to the full.

Examine carefully the chart and pay special note of facts regarding leaving your cash in a Firm with 0% return versus investing that cash in a tax-deferred investment account earning only 5% interest.

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

  • No Monthly Payment
  • Firm 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” Firm 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 Firms increase expenses while depleting cash flow. Settled Firm 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 Firm payoffs. Since inception, our portfolio of investors have advanced approximately $200 million as some Firms have reached final resolution and others remain unresolved, but this is the risk assumed.

    “No Risk” Attorney Funding Provides:

  • Capital Repayment Contingent on Successful Litigation Only
  • Waive Repayment Obligation on Lost Cases
  • Capital Based on Merit & Personal Credit
  • Low Monthly Payments Keeping Cash Flow Strong
  • Provides “Interest Free Capital” When Case Expense is Reimbursed
  • Taxation Relief Created by "Phantom Income" Invested in Cases Expenses Not Accessible
  • The Ability to Grow Your Practice More Effectively When Current Resources Are Not Used as the only Means to Increase Business
  • The Ability to Win More Cases By Hiring The Best Experts
  • The Resources to Conduct Breakthrough Discovery
  • Never Financially Having To Be Concerned About "Keeping the Lights On" While Case Collection Delays
  • The Financial Reward of A "Record-Setting Earnings Year"
  • Receive Immediate Cash Flow When Your Firm Recaptures Case Expenses
  • Reduces The "Financial Need" to Refer Profitable Cases to an Other Attorney or Firm
  • Hire The Best in Staff For Improved Operations
  • Keeps Cash Flow Strong So There's No "Case Juggling" Waiting For Collections
  • "Provides Financial Staying Power"
  • Delivers Truly a “Win-Win” Financial Solution

    Additional benefits of Non-Recourse Attorney Firm Funding is a lowered cost of operations as “No Risk” Attorney Firm 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 Firm Funding delivers. Prove beyond a shadow of a doubt the clear facts regarding “No Risk” Attorney Firm Funding as a more effective cash flow management mechanism than "out of pocket cash outlays" or traditional bank financing.

    Yes you earned it and yes you even paid taxes on it, but while it was tied up in Firm expenditures you benefited none, now look at the value of the cash you tie up in Firm 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” Firm Funding require no monthly payments or repayment obligations if a Firm is unsuccessfully litigated.

    “No Risk” Attorney Firm Funding Overview

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

    What Types of Cases Are Eligible For “No Risk” Firm 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 “No Risk” Firm Funding:

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

    For Plaintiff Funding:

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

    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


    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 Law Firm Funding Line of Credit” –
    The Less Expensive Option

    Firm 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” Firm 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 Firm 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.

    Attorney Funding “Lines of Credit” Provides:

  • Low Monthly Payments Keeping Cash Flow Strong
  • Provides “Interest Free Capital” When Case Expense is Reimbursed
  • Taxation Relief Created by "Phantom Income" Invested in Cases Expenses Not Accessible
  • The Ability to Grow Your Practice More Effectively When Current Resources Are Not Used as the only Means to Increase Business
  • The Ability to Win More Cases By Hiring The Best Experts
  • Capital Based on Merit & Personal Credit
  • The Resources to Conduct Breakthrough Discovery
  • Never Financially Having To Be Concerned About "Keeping the Lights On" While Case Collection Delays
  • The Financial Reward of A "Record-Setting Earnings Year"
  • Receive Immediate Cash Flow When Your Firm Recaptures Case Expenses
  • Reduces The "Financial Need" to Refer Profitable Cases to an Other Attorney or Firm
  • Hire The Best in Staff For Improved Operations
  • Keeps Cash Flow Strong So There's No "Case Juggling" Waiting For Collections
  • "Provides Financial Staying Power"
  • Delivers Truly a “Win-Win” Financial Solution

    With an attorney line of credit once established, an awesome opportunity for converting “tomorrows 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 a 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 comes from;

    Status of the Firms in a portfolio
    The amount of Firms 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 Firms secured. Rather, instead of interfering with legal Firm management, business operations, or any other facet of legal management, investors rather act as “silent partner venture capitalists” who through a line of credit, provide the most effective financial bridge between today and tomorrow. When a leveraged Firm, 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.

    Firm Funding Credit Lines Provide Attorneys With:

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

    Law Firm Funding "Line of Credit” Is Available For the Following Cases:

  • 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 “Law Firm Line of Credit” Funding Please Click Here:

    “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 “No Risk” Firm Funding Please Click Here:

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


    Firm 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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