LEGAL FEE FINANCING
Global
Financial offers a very attractive legal fee receivable funding program. We
advance you cash against the legal fees you are owed on settled cases and
unsettled legal claims. If you are an attorney working on contingent fees then
you know how financially draining the legal business can be. We can turn your
future legal fees into cash today at rates that are very competitive. That
money can be used for marketing new clients or running your business so your
Law Firm does not stop growing just because there is a temporary cash flow
shortage.
The funding programs listed below are based on three types of situation where we can factor or purchase a portion of your legal fee. Legal Fee Factoring is used for Settled Cases. Pre Settlement and Appeal cases are handled separately as discussed below.
A. Settled Cases: If you have settled a legal claim and are waiting to receive the proceeds then Global will purchase a portion of the fee at a discount to the full value of the fee. This is similar to factoring on business receivables; however we use your legal fee as the receivable asset. Our fees on discounts can range from 4% to 15% depending on the exact situation.
B. Pre Settlement Cases: If you represent a plaintiff in a
legal claim that is still pending then we will review the claim in full and
advance you a portion of the legal fee we anticipate you to receive. Liability,
Damages & Causation in the claim must all be clear. Upon receiving your
application we will request documentation supporting the claim and give you an
answer within 48 hours. We usually charge a one time flat fee for the
transaction.
C. Appellate Case: If you have received a judgment for your
client and the case has been put on appeal or is pending appeal then we can
advance you a portion of the anticipated legal fee. Again, we will need to
review documentation supporting the claim before purchasing a portion of the
anticipated fee.
Global has been providing funding to law firms and their clients since 1999 and our experience gives us the ability to approve cases quickly. Legal Fee Receivable Financing has also been referred to Law Firm Financing, Law Firm Funding, Law Firm Receivable Funding, Legal Fee Factoring, Law Firm Factoring & Legal Fee Advancements. But regardless of the name used to describe the product, Global Financial is the best in the business at shoring up your cash flow.
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