Litigation Financing Available For Attorneys and Plaintiffs

As an attorney, you are obliged to provide your client with sound legal advice and assistance. However, laws prevent you from loaning your client money to help relieve them of financial duress as they await verdict or settlement. A last resort alternative for plaintiffs to meet their personal financial obligations are available through legal finance cash advance products. These cash advances can be used toward case disbursements and/or plaintiff financial obligations such as mortgage and rent payments. This will help ease some of the stress associated with drawn out court cases that the plaintiff may incur.
What is litigation financing, you ask. Simply put, it is an innovative form of finance, designed to provide your client with the cash needed for day-to-day living expenses. It is not uncommon for plaintiffs in a personal injury trial to suffer financially. Litigation financing can provide your clients with the cash advance required to maintain a good standard of life as they wait for their award or settlement.
Similarly, attorney funding for your plaintiff provides a cash infusion to properly try your case without effecting your firm's cash flow, providing a win-win situation for client and attorney.
What about repayment terms, you ask? Terms of repayment are very simple. The lawsuit cash advance offered by Cambridge Management Group, LLC (CMG) is a nonrecourse advance, which means there is never a need to repay a single dime if your case is unsuccessful. In the event of a settlement, payment will be made from the case award.

The lawsuit cash advance offered by Cambridge Management Group, LLC (CMG) is a nonrecourse advance, which means there is never a need to repay a single dime if your case is unsuccessful. In the event of a settlement, payment will be made from the case award.

How Litigation Financing Offers Benefits to both Attorneys and ckient

Your client's personal injury lawsuit is important to your firm's profitability. The time it takes to properly try your client's case may leave them in a significant financial hole. A cash advance for a personal injury lawsuit can provide you with the means to keep your firm's capital out of the lawsuit, giving you liquidity that every business seeks without the risk many law firms undertake.
In addition, litigation financing will provide your client with the funds to pay daily living and medical expenses. Many times plaintiffs who have been badly injured have difficulty paying for medical assistance due to financial problems that result from the injury. An advance can benefit the health of your client by allowing them to undergo costly medical treatment when insurance falls short. Funding companies ability to pay medical providers directly, and favorably effects your case.
These cash advances are tremendously beneficial for all parties involved. Beyond the obvious benefits, with a nonrecourse cash advance, not you or your client, but the provider assumes the risk that the lawsuit will not win an award or garner a settlement. This means that neither you, nor your client, will have to repay the cash advance if the lawsuit is unsuccessful.
The application review process judges the lawsuit on its merits alone; no down payment is needed and no credit check will be run. If approval is secured, you will be advanced potentially up to 10% of the award the lawsuit stands to win. In addition, repayment terms are simple.
Litigation financing is a fantastic option for all involved, providing numerous benefits for you and your client.