Attorney Post-Settlement Funding

How post-settlement funding helps.​

Access your future receivables

Post-settlement funding helps attorneys access their future receivables, which empowers them to make sure they are making sound financial and business decisions and not be handcuffed by an extended processing time of a settlement award.

Pay new contingency cases

Attorneys can pay for the cost of new contingency cases that have come in as well as payroll and other business costs.

A lifeline for plaintiffs

Post-settlement financing acts as a lifeline for plaintiffs to gain access to liquidity that they otherwise could not get from a traditional financial institution. This allows them to catch up on past due bills as well as pay for any living expenses necessary.

Funding illustration.

To illustrate how our process works, you can look at a mass tort-focused firm that has settled 100 claims. The firms’ combined fees are $2 million. Rather than wait to receive payment as settlement checks arrive, the firm can immediately access up to $1.6 million of those fees through our post-settlement funding program. 

Sample Funding
Sample Funding
Sample Funding

How it works.

The post-settlement financing process with Baker Street Funding is extremely simple and typically finalized inside of one business day.

Settlement funding process 1

Review

Once our underwriters will review your case documents, including the fully executed settlement agreement.

Settlement funding process 2

Diligence

Once approved, they will generate a contract for the client and/or attorney to sign.

Settlement funding process 3

Approval

Once signed, we will execute that lien and distribute the funds by bank wire or certified check. We could release up to 50% of the fee to the attorney.

Learn more.

Achieving settlement in a personal injury lawsuit is seen as a big win by plaintiffs. Most attorneys know that while a settlement is a milestone, it is by no means the end of the road. Settlement payments sometimes take months or years to reach the plaintiff due to processing issues, liquidity problems, appeals, or even the settlement terms. In the meantime, the attorney must focus on other cases and manage their firms’ day-to-day expenses. Plaintiffs also have costs, including rent or mortgages, utilities, and other daily living expenses that they might not be able to pay for.

Post-settlement funding is a way of leveraging the settlement award and fees that a client or attorney is entitled to by using it to secure an upfront cash advance that is paid back when the payment arrives. This is done by securing the funds with a third party lien on the settlement, which the attorney will then use to pay back the principal and agreed-upon rate of return when the funds arrive from the defendant. This type of funding is utilized by both attorneys and plaintiffs and is tailored towards each individual case and the estimated time of arrival of the settlement proceeds. 

Post-settlement funding is utilized by many different types of plaintiffs and attorneys.

Below are a few of the most recent types of cases commonly qualified for post-settlement funding:

Personal injury loans

Motor vehicle and car accident loans

Civil rights

Employment and labor lawsuit funding

Corporate litigation funding

Settled Case Funding

Baker Street Funding funds in most states of North America depending on state law, the states we fund are as follows:

*We provide funding for personal injury, employment/labor, and civil rights lawsuits in the following states:

Arizona, Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, Nevada,  New York, New Jersey, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.

  • We currently fund Colorado at a minimum of $75,000.  Case value must be at least $750,000+. 
  • We currently fund North Carolina at a minimum of $25,000. Case value must be at least $250,000+. 
  • We currently fund South Carolina at a minimum of $100,000. Case value must be at least $1,000,000+. 
  • We currently fund in Nevada at a minimum of $20,000. Case value must be at least $200,000+.
  • We currently fund in Illinois at a maximum of $40,000. Case value must be at least $400,000+.
  • We currently fund in Tennessee at a minimum of $10,000. Case value must be at least $100,000+.
  • We currently fund in Arizona at a minimum of $20,000. Case value must be at least $200,000+.

*Litigants with corporate disputes are eligible to receive funding in every state in the United States (and eligible countries).

*Funding for attorneys is provided in most states. Please get in touch with us to find out if your state is eligible.

*Worker’s compensation claims are funding only in the following states: Alaska, Connecticut, Florida, Iowa, Louisiana, Montana, Rhode Island, Washington, and Wyoming.

Connect with us.

We’re helping clients build a portfolio of the future and powering funding partners to enhance their offerings. Contact us to learn more.

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