Because Money Doesn't Come With Instructions or Grow On Trees...
1st Choice Funding Provides The "Financial Bridge" to Innovative Financial Solutions
Attorney Funding Solutions
Because Law is Your Business....But Finance is Ours
1st Choice Funding Provides Innovative Pre & Post
Settlement Financial Solutions for Attorney Firms Nationwide
"Because Money Doesn’t Come With Instructions"
As professional financial consultants 1st Choice Funding brings to the table fiscal solutions for attorney firms across the U.S. who can not depend on banks and lending institutions to extend loans to law firms based on case merit. Delivering fiscally brilliant options to attorneys & attorney firm’s 1st Choice Funding brings innovative private investors who solutions for attorney funding are a match for law firms. With the joint partnership and unlimited resources available, firms who capitalize on the opportunity of attorney funding prove to be a formidable challenge to any opponent, who unaware of the financial backing, can not leverage “deep pockets” to force early settlements. With the use of attorney funding firms who capitalize actually level the playing field while reducing the economic stress of law practices during lengthy litigation.
Each form of attorney funding has been developed because commercial banks simply don't understand the business side of a law practice. We will explain each type of funding option available providing each reader with the facts as well as facets of each type of funding so you can make an informed business decision, because law is your business but capital is ours.
Initially though we seek to establish that unlike traditional methods of operating a law firm, at best on successful cases after waiting perhaps years to collect, legal fees collection can delay another one to six months. However with attorney funding the waiting is over when contingent earnings are available in literally days. As an example in Workers Compensation cases which while not providing the same lucrative return as a typical personal injury case, Workers Compensation cases provide guaranteed income. However contingent earnings are not always as prompt as they should be. In such a case or portfolio of cases, our investor capital funds on such cases as soon as the plaintiff signs the release agreement. Our attorneys & attorney firms who utilize our legal support services receive fees significantly earlier than otherwise possible. At times when delayed collections leave a high pricetag, obtaining capital now is a long past due financial solution.
On the other end of the collection spectrum cases whose delays last 12 months or more are a thing of the past because with our resources, attorney funding is provided in “days and not in delays”.
For younger firms with a limited financial history, an even greater obstacle is before such firms when seeking to acquiring traditional capital and 1st Choice Funding understands the challenges of a law practice as well as the nature of contingency cases. Because of an overwhelming industry need, 1st Choice Funding has created a "niche" as we provide attorneys & attorney firms across the U.S. with an innovative set of financial solutions through our "No Risk" and Recourse Attorney Lawsuit Funding lines of credit as such programs provide the often lacking financial support savvy law firms are in need of today.
It is for these reasons the following information is provided, as a means of educating the legal industry with the most relevant and up to date information on Attorney Funding and options available. So in doing, 1st Choice Funding positions attorneys & attorney firms alike with the opportunity to make an informed decision about the financial options available to each. Please join us now as we present the following Attorney Funding information.
“No Risk” Pre Settlement Attorney Funding
“No Risk” Post Settlement Attorney Funding
"No Risk" Appellate Attorney Funding
Attorney Funding Provides Today's Financial Solution to the “Cash Crunch” Law Firms Face
All 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 that 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.
Investment funds for "No Risk" non-recourse Attorney Lawsuit Loans are based on specific case merit which simply means; in the event the cases which secure the "No Risk" Attorney Loan are lost for any reason, all funds advanced need not be repaid. That's right never repaid and that's tax free income! With such capital 1st Choice Funding’s investor portfolio acts much like a joint venture partner in your firm’s success. Clearly for successful cases re-payment includes the principal advanced and the fees charged for the service of the advance. What this means is this; in 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 now a thing of the past thanks to the ready resources "No Risk" Lawyer Loans provide as "the financial bridge" to successful litigation.
With 1st Choice Funding's Attorney "No Risk" Attorney 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.
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, being pre or post settlement. Investor capital is available as either a one-time funding or incremental funding over time, and by way of example; if a case is estimated to be $250,000.00 our investors advance up to $175,000.00 which provides a recovery of all legal expenses, including fees for expert witnesses, investigators, discovery and depositions, etc.,
Thus facilitating a law firm’s ability to litigate any case to the full.
Since inception, our portfolio of investors have advanced approximately $200 million as some cases have reached final resolution and others remain unresolved, but this is the risk assumed.
Attorney "No Risk" Lawsuit Loan Case Types Include:
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 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
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 Is Based on Successful Settlement
For Short Term "No Risk" Attorney Lawsuit Loans No Monthly Payment
Lawsuit Loans of $50,000.00 or less;
Lawsuit Loan Funding in days
1st Choice Set Up Fee 10% of Funding Amount
Lawsuit Loan Interest Rate: 3-5% interest
No Monthly "No Risk" Long Term Attorney Funding
For Advances of $50,000.00 to $20,000,000.00:
Funding in 2-8 weeks
Fee includes Sliding Scale for Set Up based on Amount of Capital
Attorney Funding Interest Rate: 3-5% monthly interest
Attorney Funding Pre Settlement "Lines of Credit"
Attorney Funding Post Settlement "Lines of Credit"
Attorney Funding Appellate Funding
Attorney Funding "Lines of Credit" -The Lower Cost Attorney Funding 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 to future settlement earnings fees for cash TODAY! Busy practices need to focus on client's needs, not on cash flow.
If the fees your firm has earned are 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, we can position you to leverage all such fee’s for capital today!
Attorney Funding Solutions.... 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 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
NO OBLIGATION & NO UPFRONT COSTS: By completing an application, you are under no obligation to accept our funding offer. Our costs are included in offer we provide you. The cash figure we provide is exactly what you will receive.
What Entities Is Attorney Funding Available From?
Most of our settlements involve funds paid out by insurance companies or government agencies. Insurance companies we regularly deal with include AIG, Allstate Insurance Company, Commercial Union, GEICO, and State Farm Mutual Insurance Company, etc. We also deal with cities, towns and states as well as their agencies, since governments are often self-insured. Some governmental entities are particularly difficult to get funds from on a timely basis as in some cases, one agency approves the settlement, then budgeting authorities have to recommend payment, then a legislative group must vote funds to pay your settlement. This process may take over a year , we can get you your funds much faster.
Our investment partners are privately-held commercial finance companies whose sole focus is providing an alternative to the “interest free” loans that most trial lawyers make to their firms for case expenses. Our investors do this through a unique combination of commercial lines-of-credit and specialized accounting services.
Our clients are the best and the brightest of trial law firms from all over the United States, and a typical client-firm is a well established, experienced trial law firm whose partners are high-net-worth attorneys at the “top of their game”. Many are leaders of state and national trial lawyer associations, and quite a few are authors and expert speakers in the profession.
How Attorney Funding “Lines of Credit” Work
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A line of credit is established for your firm for the funding
of 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.
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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.
Recourse Attorney Funding…… What Investors Won’t Do
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Get involved analyzing your cases.
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Have any contact whatsoever with your clients.
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Do business with firms that have financial
difficulties.
”Line of Credit” Attorney Funding…..Does Your Firm Qualify?
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Our clients are among the leaders of the trial law practice.
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Your firm may qualify if:
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Your 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.
“Line of Credit”Attorney Funding.....Use The Cash To:
Expand your firm -
Hire more staff
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Buy equipment
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Take on additional cases
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Advertise more
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Have some fun!
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 close to 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 is Based solely on Successful Settlement
For Short Term “Lines of Credit” Attorney Funding: Small Monthly Payment
Attorney Funding of $50,000.00 or less;
Attorney Funding in days
1st Choice Set Up Fee 10% of Funding Amount
Attorney Funding Interest Rate: 1.5% interest (rate will be provided)
Low Monthly Payments
For Attorney Funding “Lines of Credit” Application Click Here
Funding in 2-4 weeks
Fee includes Sliding Scale for Set Up based on Amount of Capital Acquired
1.5% monthly interest (rate will be provided)
1st Choice Funding Financial Solution For Cases That Include:
Court Appointments
Government Agencies
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
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
Jones Act
Discrimination Cases
Toxic Mold
Sexual Harassment
Wrongful Termination
Commercial Cases
Premises Liability
Appellate Cases
Probate Cases
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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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