Accelerate Your Fees with Post-Settlement Funding
Plaintiffs’ attorneys, who typically offer their services on a contingency fee basis, need to be more than just skilled litigators. They also require business acumen. Attorneys who operate a solo practice or act as principals in small and medium sized firms must also ensure that their businesses have a constant, steady flow of capital. Like all small businesses, law firms need a present supply of capital to pursue new cases and cover routine expenses.
The Post-Settlement Waiting Game
Even after a case settles, attorneys may still find themselves waiting for their hard earned fees. Settlements of larger cases might take years of review before final fee distribution, and cases involving minors, Medicare and Medicaid liens, governments, international entities, or other groups often require months or years of extra work before payout. That means that attorneys who litigate long, complex cases may not get paid for months or even years after finally reaching a successful outcome.
This huge gap between payments can cause major cash flow problems. Attorneys need money to pursue new clients, build successful cases, and continually improve their skills. Without access to their fees, attorneys struggle to run an effective practice.
Post-Settlement Attorney Fee Advances: A Solution For Lawyers Waiting On Delayed Legal Fees
Balanced Bridge Funding offers post-settlement attorney funding, more commonly referred to as attorney fee acceleration, to lawyers working on a contingency fee basis so that they can have expedited access to their hard earned settlement fees. Although this specialized form of legal financing is less common than an attorney line of credit or pre-settlement funding, post-settlement funding can be a lifesaver for attorneys waiting on a slow-paying settled fee.
Here’s How a Post-Settlement Fee Advance Works:
- You, the attorney, are awaiting payment after reaching a favorable outcome for your client.
- Balanced Bridge Funding purchases a portion of your fee.
- Balanced Bridge Funding then provides you with a post-settlement fee advance based on this portion of your fee we purchased.
- After the settlement pays out, Balanced Bridge Funding is directly repaid from the case administrator, lead counsel, or from your escrow account.
- Because we only purchased a portion of your fee, you are still paid the remainder owed to you.
Post-settlement funding can reduce your financial stress and help you and your business stay afloat while you are waiting for a settlement to pay out.
Post-Settlement Funding is NOT a Lawsuit Loan
Unlike a loan, post-settlement funding allows you to access your own money before you normally would, so you will not have to worry about making monthly payments to a lender. When your case does finally pay out, your obligor pays Balanced Bridge Funding directly.
We Fund Any Type of Settlement with a Delay in Payout
We fund all types of settlements where there is a delay between time of settlement and disbursement of your fee, including, but not limited to:
- Class Actions
- Infant Injuries
- Product Liability
- Personal Injury
- Truck Accidents
- Mass Torts
- Multi-District Litigation
- Employment Discrimination
- Wrongful Death
- Slip & Fall
- Medical Malpractice
Relax, We Accept All the Risk
Balanced Bridge Funding accepts all risk of non-payment. If for some reason the defendant/obligor is unable to pay the settlement, you will still keep the money from your advance.
Quick, Hassle Free Application Process
If you think that post-settlement attorney fee funding might be the right fit for you, call 267-457-4540 to speak to one of our legal funding experts. Or to apply online, simply CLICK HERE and fill out our quick form application.
Infographic Explaining the Underwriting Process for Attorney Post-Settlement Advances: