Legal funding is when a company provides an attorney or a plaintiff with a portion of their expected settlement or fees in advance of the case settling or after it settles. 

Legal funding is not a traditional loan. 

All funding provided by Baker Street Funding is non-recourse, and the repayment of funds is wholly contingent upon the successful settlement of your case. 

Baker Street Funding offers an easy legal funding process to help plaintiffs receive the advance they need from their civil case in a matter of 24 hours. The funding process for plaintiffs consists of the following:

1. First, apply for a lawsuit loan online or by phone. An attorney must represent you to qualify your claim for a pre-settlement loan; therefore, their co-operation is the #1 requirement.
2. Secondly, we perform a rigorous analysis of legal merits and parties, the strength and length of your claim, and the defendant’s ability to compensate.
3. Lastly, we set up a conference call with counsel. The quicker we have any relevant questions answered by the attorney in charge, the faster the funds will be released.
4. The lawsuit cash advance will be wired into your account that same day, or we will overnight you a check via Fed-Ex.

Litigation funding for law firms and companies is a lot more complex and differ from pre-settlement loans for civil cases.

The process includes an in-depth analysis of a case or portfolio of cases (for attorneys).

The underwriting time differs on every application.

• The process for attorney case funding takes approximately 72 hours.
• The financing process for corporate claimants with procedurally mature corporate disputes can take as little as two weeks and as long as two months for infancy cases.

Baker Street Funding’s initial review of your application is based on our initial phone call, where you will provide publicly available information about your client’s claim.

If interest is expressed and depending on your client’s needs, we may require further documentation and a scheduled call with our underwriter.

Based on that call/communication and documentation, our underwriter will make the ultimate lawsuit funding decision.

Most cases referred by attorneys get funded because attorneys usually send strong claims.

Our involvement as investors does not affect the attorney-client privilege.

Multiple recent rulings in all matters of courts have upheld the fact that conversations with third-party litigation funding companies are protected by common interest doctrine and thus deemed privileged and confidential.

You can rest assured that you are in no way waiving any of your legal rights to confidentiality by seeking funding for your client.

Legal funding (or lawsuit loans) many times help victims settle for a larger settlement or award payment because you can wait for your case to settle fairly while you take care of your essential needs.

A lawsuit cash advance funding could help victims challenge the insurance’s low-ball offers.

Learn more about lawsuit funding here.

We fund the majority of personal injury cases. The most typical cases are wrongful death claims, nursing home negligence, and medical malpractices.

See a case list here.