1.   What is Pre-Settlement LAW FIRM Funding (Litigation Funding)?

- Pre-Settlement Funding for Law Firms is unique among financial transactions. The concept arose out of a need for law firms to be able to access capital speedily for their business and without jeopardizing their personal assets.

Today Law Firms have such access to capital. - It is now available to your firm through private Investment/ Funding companies who understand the complexities and nuances of running a law practice. The national firms that Sea-Green Financial works with offer funding to law firms on a pre-settlement basis, which allows you to utilize a portfolio of current cases as collateral. 

  - This type of Alternative Funding - works particularly well for firms
  that handle large cases on contingency (or on partial contingency). 
 

- Why? If one or several of those cases settles for a substantial amount, the fees earned by the Law Firm could more than compensate for the high cost associated with the high-risk that an outside company undertakes to provide such financing.

 2.  What kinds of Cases Qualify for Pre-Settlement funding?

    =»  Serious Personal Injury 
    =»  Serious Slip & Fall
    =»  Medical Malpractice 
    =»  Wrongful/Accidental Death
    =»  Patent Infringement litigation, and
     =»  Class Actions... 
...to name the most prominent types of cases. When settled in Plaintiffs' favor, these cases typically involve huge monetary settlements.

     -  A key component to qualifying for law firm funding is "value" - potential settlement value. By that we mean... can some dollar value (or range of values) be placed on the anticipated settlement of the cases that are put up for collateral?  Naturally, this calls for substantial supporting information and documentation, which your firm will already have available in your files.

 4.  How Does the Process work?

-  Kindly tell us a little about your practice, your firm's principals, and what kinds of cases you handle. Also, let us know your financial requirement and how soon you need additional capital.

a) -- »  Preliminary Application - As soon as you complete this brief application, we present it, along with our Summary of your firm's situation and the kinds of cases you handle, to our selected legal funding company for their evaluation.

b) -- »  The Evaluation Process -  In order evaluate your funding request, our Legal Funding Company will need to review all discovery, motions, and relevant documents pertaining to the cases that you will be submitting as collateral. This material can be emailed via attachments to their offices. The Funder may also request other verifying records and/or additional information. For your convenience, we will provide you with a form to fill in supplying the important details of the cases. And naturally, they will want to talk with the principals of your firm, so we typically arrange a conference call meeting to accommodate all parties.

c) -- »  If not accepted by our Funder - we notify you right away. In that instance and with your approval, we will locate a different company who might be interested in providing pre-settlement financing to your Law Firm.

d) -- »  Accepted - If our Funder initially chooses to underwrite your law firm, you will be immediately notified. Further discussion, other information, etc., will be exchanged, and the specifics of the funding can be worked out to the benefit of all parties.

e) -- »  Once confirmed that the 'funding is a go' and all principals involved agree to the financing terms, you simply deliver the signed agreement back to the funder post haste. Disbursement of funds will be forwarded to you shortly thereafter as agreed. 

 5.   And the Cost?

-  The requirements of different Litigation/ Legal Settlement companies
vary greatly, as do their fee structures and length of payback times, etc. Thus, it's not feasible to discuss rates here. Suffice it to say, the funders' underwriting risks are quite high, so the rate would essentially be commensurate with the risks they take.
   
   -  But consider this!  If one or more of the cases which you
      have used as collateral settles in the $$ millions, and your
      financing costs are in the high $ thousands, that could still
      work out to be but a small percentage of your firm's fee
      (share) from the settlement! 

 6.  How Soon can My Firm get advanced funding?     

-  The process... from submitting your initial application and supporting case documents, the funder's review of all the information submitted and getting everyone's questions answered, to signed agreement and actual funding... typically takes about 30-45 days. Your cash advance can be wired directly to your firm's bank account.

 7.  Anything Else I need to Know or Do?

-  Yes there is. When you request non-recourse financing, NO personal guarantees are required. This is clearly an important advantage for all the principals of your law firm, for it means that your personal assets (your homes, etc.) are NOT required for collateral.

    Also, with everyone's best cooperation in exchanging requested information and documentation, the faster the funding process can be implemented. Be assured that all information you provide to us (verbal and written) is held in strictest confidence at all times.

  8.   What if I or my Partners have further questions?

-  We welcome your questions or requests for additional information. Be sure to call us or e-mail us any time. In fact, we'll be staying in touch with you whenever we're notified about any new developments you need to know about. Our purpose is to make sure you are fully informed and satisfied with our service and that you get all your questions answered in a timely manner, before and even after funding has taken place.    

Call us now at: 

818/ 594-1272 
Speak to  -  MARCIE GREEN
email: Marcie@seagreen4cashflow.com
   SeagreenFinancial.com
16161 Ventura Blvd. #C-713  •  Encino, CA  91436