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Attorney at Law Magazine
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Personal injury cases can be drawn out and expensive affairs.
Attorneys must fund legal research fees, expert witness fees, court fees, and other related costs upfront—despite having no certainty that they’ll even win the case.
Worse still, defendants often drag their feet hoping that plaintiffs and attorneys will settle for lowball offers out of financial necessity.
But financial worries should never come at the expense of justice.
The solution? To work with a litigation funding (also known as case cost funding and litigation financing) company.
This article explains the benefits of litigation funding before listing the top 5 litigation funding providers for personal injury attorneys in the US.
Personal injury attorneys often take on complex, costly cases that require significant upfront resources. The potential payouts might be incredibly handsome—but firms need large sums to engage in protracted legal battles.
This is where litigation funding comes in.
Litigation funding companies provide the finances attorneys need to fund their cases upfront. This allows attorneys and their clients to pursue cases to their maximum settlement value, without having to settle prematurely due to financial hardship.
Let’s dive into the top litigation finance firms!
While all opinions remain our own, this content contains links to companies we may be compensated by.
If you’re looking for litigation funding, you’ve come to the right place. Below, we rank the top 5 litigation finance companies for personal injury attorneys, outlining each company’s main pros and cons.
HMR Servicing is the clear #1 personal injury case cost funder. The company’s unique approach, vast experience, and unparalleled expertise set it head and shoulders above other litigation funding companies for personal injury attorneys.
As a personal injury law firm, you know that having the right experts on board is essential to proving your case. Unfortunately, the cost of these experts can put a strain on your resources, and on your ability to seek justice for your clients.
That’s where HMR Servicing can help.
HMR Servicing provides the funds you need to afford experts who can show the extent of damages and increase your chances of winning. What’s more, by seeking external funding, you won’t tie up your firm’s assets in years of litigation costs.
By working with HMR Servicing, you can focus entirely on your client’s cases—not on managing your firm’s finances and litigation expenses.
Fair Rate Funding’s litigation funding puts personal injury attorneys on a level playing field with insurers. Attorneys can pay their litigation and operational expenses and ensure their case is litigated properly. Most importantly, they help attorneys avoid accepting lowball offers due to financial concerns.
Gain the funds required to let your clients’ cases mature to their maximum settlement value.
FastFunds offers four types of case cost funding for personal injury attorneys: pre-settlement, post-settlement, voucher (only for state-hired attorneys), and attorney lines of credit.
USClaims provides working capital lines of credit and term loans to personal injury law firms. These are secured by personal injury firms’ inventory of cases and future fees.
Fund Capital America provides rapid case cost funding ranging from pre-settlement loans and post-settlement loans to lawsuit cash advances and settlement acceleration programs. The company funds a variety of cases: personal injury, auto accidents, pharmaceutical drugs, labor law, medical malpractice, accounts receivables, product liability, and athlete injuries.
Financial worries shouldn’t stand in the way of achieving justice for your personal injury clients. By seeking litigation financing, personal injury attorneys can fund costly cases and win the compensation their clients deserve.
Get in touch with a litigation funding provider to begin the process.
Attorney at Law Magazine is a national B2B trade publication for and about private practice attorneys. The magazine focuses on the industry, its events, happenings and the professionals and firms that drive its success. The editorial is a collaboration of interviews with professionals, industry expert penned columns and articles about advancing your legal practice through marketing, practice management and customer service.
