Best Litigation Funding Companies
When you need financing for plaintiff litigation, you want to make sure you choose the best financial product and lender that aligns with your firm’s goals. Litigation funding is becoming an increasingly popular option, but not all lenders are created equal.
If your firm requires or might benefit from litigation finance, you need to go through the proper due diligence and understand the terms of the lending product, what implications it has on your firm’s P&L and a myriad of other factors . As you know, legal disputes can last for several years. So the funding relationship will be similarly long-term and you should have measures in place to manage that relationship.
To help you narrow down the list of litigation funding companies and find a solution that works for you and your client, we’ve provided the list below. We believe these companies to be among the best available to you. Take a look at each listing and let Case Works know how we can support your goals at this time.
Why Your Firm Should Consider a Litigation Funding Company
With litigation funding, you can take on those big cases that are expensive upfront, but ultimately worth the resources they require. Oftentimes, the loans only require repayment if and when you settle the case. This makes litigation funding a low-risk but high-reward strategy.
Any one of the companies on this list can offer you an advance on the costs and fees of your case. Once your client has obtained a settlement or won the case, you’ll pay back the advance (plus fees).
Consider One of These Top Litigation Funding Companies
Kerberos Capital Management
Kerberos specializes in providing capital solutions to law firms, and has earned its reputation as a trusted partner with deep expertise in litigation finance and creative structuring. If you have built your firm upon a success-fee model, you will find the financial support you need to build and win your case at Kerberos Capital Management.
Still need some convincing? These accreditations speak for themselves:
At the time, Contingency Capital claimed that it sought to provide access to high-quality assets for litigators. Specifically, their goal was to target clients driven by regulatory, tax, or legal processes. Thus far, they seem to be reaching said goals.
Furthermore, Fortress Investment Group entered into a co-investing arrangement with Contingency at the time. Reports indicate that Fortress planned to invest up to $500 million with Contingency Capital.
In other words, this company is backed by big money. If you want a funder with some serious capital, this would be the one.
American Law Firm Capital
Together, the team at American Law Firm Capital has over 50 years of experience. In other words, they are considered leading experts in orchestrating legal asset lending and underwriting of this unique asset class. Their loan sizes available range from $1MM to $100MM or more per each firm funded.
Their model has over 20 years of proven success. Their capital partners include banks, private equity and hedge funds. As a result of their many capital partner options and unique hybrid model, American Law Firm Capital is a great alternative to traditional banking loans as they base their funding decisions on anticipated future legal fees and costs. They also often allow deferment of monthly interest payments until you reach a settlement.
If you are interested in American Law Firm Capital processing a loan for your firm, you may reach them at 1-928- CAPITAL or www.alfcapital.com
Benefit Street Partners
The firm prides itself on the ability to help partners develop creative solutions to their financing needs while establishing deep relationships. It also has long-term locked-up capital that allows it to be more flexible than other capital providers. We highly recommend that you reach out to BSP to explore if they can be a potential fit for your firm.
Over the years, Calumet has earned its reputation and experience by deploying more than $1.2 billion of private funding to law firms. Whether your firm needs a loan of $5 million or $100+ million, Calumet has the resources to support you.
Because they are in the business of mutual success and want your firm to reach favorable outcomes, they cover ongoing services and support to get you there. Calumet has worked with countless law firms like yours and can advise you on how best to face your challenges. This is the kind of expertise that sets Calumet Capital apart from other lenders in the space.
When you turn to Calumet, you may select from their list of three investment products. These are:
Among the case types they support are the following:
What’s more, Virage is willing to get creative with its lending services. In the past, they have helped borrowers network, develop their cases, and expand their understanding of funding opportunities. In short, they want your firm to succeed and are ready and willing to make it happen.
Although Virage is located in Houston, TX, they fund lawyers and firms across the United States. They understand your business better than a traditional lender or bank will, so give them a call to learn more about your options.
Frequently Asked Questions about Litigation Funding
It is not always possible to secure litigation funding for a defendant, but it has been known to happen. In this situation, the advance is made with a negotiated fee depending on the case’s outcome.
Allow Case Works to Further Support You
Specifically, we offer these customizable services:
Medical record review
New client onboarding
and welcome calls
If you are looking to secure litigation financing, simply request your free consultation and make sure you partner with us to ensure your investment is well protected. You can visit our contact page to learn more.