FOR ATTORNEYS

Attorney Referrals for Lawsuit Advances

Our firm is committed to financially empowering your clients to pursue their cases long enough to derive the maximum settlements they deserve. By offering discreet and appropriate lawsuit advances, your clients will no longer have to succumb to financial pressure and take an early, inadequate offer.

A larger settlement results in more money to your client and a larger fee for your firm. By creating a win-win scenario (see our Legal Funding Benefit Illustration) and by providing excellent service, we hope to earn your trust and become a preferred resource for your firm. And with fair and simple pricing, you can feel confident that your clients aren’t paying too much for the help they need.

The Industry

Non-recourse, contingent legal funding is a legal and ethical financial resource for your firm and its clients. Lawsuit advances are not loans since the funds advanced are entirely "at hazard." Specifically, the obligation to repay is not absolute as it is contingent solely upon a recovery on the case. Rather, a lawsuit advance is actually a purchase of a portion of the proceeds that may flow from the case or action. Legal funding liens are always subordinate to your attorney fees and costs.

Our Pledge

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• To maintain strict confidentiality.

• To hold our business to the highest ethical standards.

• To respect your time and office procedures.

• To never pressure clients to accept an advance.

• To never intentionally advance clients money in excess of their need at the time of the advance.

• To never intentionally over-fund a case in relation to its perceived value at the time of the advance.

• To never make an advance that could interfere with your ability to succeed in the case.

• To educate clients that legal funding is expensive compared with other types of financing and should only be used as a last resort.

• To include a 5 business day right of cancellation in all transactions.

Florida Ethics Opinions

Professional Ethics Of The Florida Bar Opinion 00-3 March 15, 2002

"An attorney may provide a client with information about companies that offer non-recourse advance funding and other financial assistance in exchange for an interest in the proceeds of the client's case if it is in the client’s interests. The attorney may provide factual information about the case to the funding company with the informed consent of the client. Although the attorney may honor the client’s valid written assignment of a portion of the recovery to the funding company, the attorney may not issue a letter of protection to the funding company."

Professional Ethics Of The Florida Bar Opinion 61-29 January 10, 1962

"As to the ethical propriety of the Bar or a lawyer's association providing a revolving fund to be used for loans to needy plaintiffs, to enable them to bear the cost of litigation until recovery can be had, the following issues are raised ..."

Professional Ethics Of The Florida Bar Opinion 65-39 June 16, 1965

"A lawyer may not advance living expenses to a client pending settlement and collection of a claim, judgment, or award."

Professional Ethics Of The Florida Bar Opinion 67-44 January 8, 1968 - Revised April 23, 1993

"A member of The Florida Bar who subpoenaed a physician to offer expert testimony in a personal injury case and who did not advise the physician until subsequent to his testimony that he considered the expert witness fee to be an obligation of his client should advance such reasonable witness fee as may be assessed by the court."

Professional Ethics Of The Florida Bar Opinion 72-27 July 30, 1972 - Revised April 23, 1993

"A lawyer may advance or guarantee fees of medical witnesses in accordance with Rule of Professional Conduct 4-1.8(e)."

Professional Ethics Of The Florida Bar Opinion 75-24 November 30, 1975

"A lawyer may not participate in an arrangement in which a small loan company agrees to make loans for living expenses to the attorney's clients awaiting settlements on the condition that the attorney and client sign an agreement that the loan will be repaid from the settlement proceeds."

Professional Ethics Of The Florida Bar Opinion 92-6 March 1, 1993

"An attorney's involvement with a proposed corporation that would loan money to claimants in personal injury matters would be unethical. Under the proposed plan, in order to ensure repayment of the loan from the recovery the attorney and the client would sign a trust declaration by which the attorney would become a trustee for benefit of the loan company."

Upon request, we will be happy to provide other state ethics opinions regarding legal funding.


NOTE: The term "LOAN" when used to describe "LEGAL FUNDING" is not an accurate financial or legal description of our transactions. Our legal funding transactions are not loans. The transactions we offer are non-recourse purchases of a portion of the proceeds of a potential future case award or settlement. Unlike loans, which always require repayment, our legal funding transactions only require repayment if our client (the plaintiff) receives an award or settlement. If our client loses their case, repayment of the funded amount is not required.