Plaintiffs

Litigation can be a long and drawn out process that takes a toll financially and mentally. Plaintiffs may have difficulties paying everyday expenses... while awaiting the outcome of their cases.

Non-recourse Plaintiff Funding

At Nationwide Litigation Funding we work closely with plaintiffs and attorneys nationwide involved with sizable and high-profile cases in regards to satisfying their litigation
funding needs.

Non-recourse funding is extremely attractive for many important reasons:

A) The money advanced does not need to be repaid if the case is unsuccessful: 100% of the risk is with the funding source; if the case is lost neither the plaintiff nor your law firm owes anything to the investors for the funds advanced.

B) Advances can be made to your law firm or the plaintiff directly: In cases with a single party plaintiff it is possible to fund the plaintiff, your firm, or both.

C) Advances can be in the tens of millions of dollars: In many cases non-recourse funding begins at levels as low as $1 million and easily can reach amounts in excess of $40 million.

D) Advances can be provided in one lump sum: With a loan or line of credit the lenders generally require the law firm to establish a monthly budget. The firm then receives monthly disbursements from the credit line. On the other hand, the full amount of a non-recourse advance will be given to the firm immediately upon approval.

E) No personal guarantees: Loan programs and lines of credit created by institutional lenders require the senior partners to sign personal guarantees. No personal guarantees are required for non-recourse funding.

F) No liens against your firm: Loan programs and lines of credit issued by institutional lenders require liens to be placed against most if not all of the cases in the firm’s matrix. Additionally, most lenders require the firm’s receivables to be applied to paying down the loan or credit line; often this involves a significant percentage or the entirety of the firm’s assets. Non-recourse funding does not require liens to be placed against the firm, its principals, or its assets.

G) No monthly fees: A loan program requires monthly payments against the loan or the money drawn from the credit line. With a non-recourse advance there are no fees until the case reaches a positive result and your law firm is paid.

H) No underwriting costs: Most lenders require the borrower to pay nonrefundable underwriting costs up front. In complex matters, these costs can be significant and the loan can still be denied. However, non-recourse investors handle all underwriting costs, saving your firm potentially wasted funds.

I) Underwriting can be finalized in 40 days or less: A loan program or line of credit can take months to establish. The non-recourse investors we work with make their decisions quickly: funding often occurs in 40 days or less.

If you are interested in obtaining non-recourse funding for cases involving any of the types of claims listed below, please contact us in confidence to discuss the types of non-recourse programs available as well as the terms associated with those programs:

1) Patent and copyright infringement

2) Trade secrets

3) Intellectual property

4) Securities fraud

5) Class actions

6) Mass torts

7) Legal malpractice

8) Breach of contract

9) Financial distress

10) Financial service companies

11) International arbitration

12) Oil and energy

13) Enforcement of judgments

14) Whistle blowers

15) Other claims in excess of $10 million 

We wanted to give you a heads up regarding a new and very aggressive group of investors we are working with.

One of the ways they differ is that they will "fund the case through the plaintiff” for the litigation costs thus releasing the firm from any repayment and keeping their share of an award intact. In addition they have given us the green light to place $100 MM as soon as possible. We have already placed several actions with them in the multi- millions and we are very pleased with their speedy underwriting process.

Why and Where It Fits:

1) Firms who have always used their own pool of money or lines of credit with their bank that know their money can be unrecoverable for years.

2) Those firms that are charging their clients on an hourly basis but would rather have a contingency deal if all the firms’ costs were paid.

3) Firms who are working on a "hybrid" retainer agreement, i.e., reduced hourly and a percentage contingency.

4) The lenders time line for underwriting is approximately 30 working days.

5) Their overwhelming preference is commercial and business related actions.

6) Although they will entertain mass tort and class action cases, the funding would have to go through the firm.

Finally, with the investor taking the complete risk (non-recourse) and the plaintiff having the lien against his net recovery, there is no down side to the firm!

We will also be attending The Trial Lawyers Summit January 22nd -25th South Beach, Florida at the Ritz booth #15 and AAJ February 10th-16th Arizona Biltmore booth #205.

If you know of any other firm that would be interested in this type of facility, your referral is always appreciated...

NLF helps level the playing field to allow your attorney to negotiate the settlement you deserve. Especially if the deep pocketed defendants strategically utilize delay tactics in hopes of obtaining favorable resolutions in their favor.

We fund plaintiffs as well as law firms and attorneys.  If your lawsuit or claim involves one or more of the following, we can most likely get you the fast cash advance you need to help win your case, or ease any financial burden:

We provide a no-risk capital advance for your lawsuit. If your case is lost you owe us nothing thereby providing you protection as well as peace of mind.

We are a leader in the field of providing funding for lawsuits; whether you are just starting a case, or have just won a settlement. Our experience and range of options means we have a litigation funding solution that can meet your needs.

With our funding at your fingertips, you can take the time you need to ensure that you attain a fair settlement. Avoid having to agree to a lesser amount than you wanted due to financial hardship or pressure. In short, we can help maximize your result.

Find out more about how we can help make your lawsuit or claim successful and rewarding.
Call us today: 1-877-FUND-LIT (3863-548)