FAQs for Attorneys

Q: Out of all the lawsuit funding companies, why choose Legal Capital?
A: Because Legal Capital Corp makes getting lawsuit funding for your client as convenient as possible for you. We complete all the necessary paperwork no matter where you are located, and if you’re in New York City or Chicago, Legal Capital will come to your office to review the case file.

We also offer the most affordable rates for a cash advance on a pending lawsuit. Our flat fee, no monthly interest cash advances are much lower than other lawsuit funding companies that charge monthly compounding interest, and less risky than companies that would only offer a lawsuit loan.

Q: My client has just asked me for a lawsuit loan. What can Legal Capital do?
A: When this situation occurs, refer your client to us. At your convenience, we will review the relevant information about the pending lawsuit. It the case qualifies, we will make one or more lawsuit funding cash advances in exchange for a specific amount of the eventual proceeds of the case. If there is no recovery of money, your client owes us nothing. This is a purchase, not a lawsuit loan. Legal Capital assumes the risk.

Q:What is the difference between a lawsuit loan and Legal Capital’s lawsuit funding?
A: The difference is that when your client takes out a lawsuit loan, he or she is expected to pay that money back eventually, no matter what. Our flat fee, no interest cash advance protects your client from having to pay money he or she never gets, because we are only paid back if you win the case. If you don’t win, your client owes us nothing.

Q:How can Legal Capital’s involvement in my client’s pending lawsuit add value to the case?
A: There are times when your client’s strained financial condition can compromise a really good settlement amount because you must settle early and for far less than the value of the suit. Lawsuit funding reduces both your client’s recovery as well as your fees.

Legal Capital Corp can provide a bridge for your client to take care of essential living expenses, an emergency or a medical procedure, and provide you with the time to develop the case for an the highest settlement amount possible. We try to protect your case and your client’s recovery.

Q: If my client applies for lawsuit funding, is this a big headache for me?
A: No, Legal Capital will not complicate the pending lawsuit. If your client needs lawsuit funding, we will not ask you or your staff to spend time doing our paperwork. Usually, we will request a copy of the Plaintiff’s Complaint, the Defendant’s Answer, any police or incident reports, relevant medical records and a summary of any medical bills incurred. We do not request documents subject to attorney-client privilege.

For your convenience, if you practice in New York City or Chicago, we will offer to visit your office to avoid any work on your firm’s part. Once we are able to review the case files, the lawsuit funding agreement usually arrives on your desk the following day. When we receive the signed papers, Legal Capital steps back so that only you and the plaintiff are involved with decisions regarding the pending lawsuit.

Q: How do you determine how much lawsuit funding you will advance to a plaintiff?
A: We will contact your office to review documents after we receive a signed release form from the plaintiff. We always ask the plaintiff to discuss the need for a lawsuit-funding advance with his/her attorney. We also ask for your assessment of the case. Only after a thorough review of the pending lawsuit do we determine an amount appropriate for the needs and the case.

We understand that lawsuit funding with a very high dollar amount of can seriously complicate your efforts to settle a pending lawsuit. We try to fund as little as is necessary for the plaintiff to meet basic financial necessities. If the client needs additional funding at a later time, we will consider consecutive advances. We never create a situation in which the plaintiff will refuse a reasonable settlement amount, forcing you to take a case to a jury.

Q: Do you fund plaintiffs who need medical procedures but can’t afford it?
A: Yes. We recognize that there are plaintiffs without insurance or whose no-fault benefits have been cut off, who would have had a far stronger case and higher settlement amount if they could afford a necessary surgery. Legal Capital has developed a surgical program with a roster of specialist surgeons who will take a lien on a surgery. Legal Capital will pay the hospital expenses. Click here to learn more about the Surgery Program.

Q: How does Legal Capital’s flat-fee pricing differ from the monthly interest charges of most other lawsuit funding companies? And how do I compare the costs to my client?
A: Our pricing is simple and easy to understand because we charge one flat fee. You and your client will always know the exact figure to be paid back before any agreement is signed. This is very different from monthly interest charges which are a constantly moving target and tricky to calculate as you try to settle pending lawsuit . Since the figure increases monthly, this requires you to do the math over and over again.

A seemingly modest monthly interest rate compounds and rapidly escalates over time. This can seriously complicate your efforts to settle a pending lawsuit. Our flat fee is like an insurance policy leaving you all the time you need to build a strong case without the worry of runaway interest charges. Instead of a clock ticking down as costs rise, this puts time on your side, without the risk of taking out a lawsuit loan. Click here for specifics on our pricing.

Q: Do you ever discount fees?
A: Yes. If the pending lawsuit settles and Legal Capital is paid in less than nine months from the date of our agreement, we typically discount our fee by 60% This discount for early settlement is always included in our agreement with your client.

Q: Legal Capital discounts for settling a pending lawsuit quickly, but what if the case takes much longer than expected?
A: We want you to take as much time as you need to achieve a successful resolution. Legal Capital caps its liens for the length of the case, so no matter how long the case takes to settle, your client still pays only the flat-fee price determined and agreed upon at the time of the initial advance. There are never any surprises or ticking time bombs from accumulation interest charges on a pending lawsuit.

Q: What if my client already has an advance from another lawsuit funding company?
A: We have seen contracts from other lawsuit funding companies with outrageously high interest rates, so we are aware that sometimes clients have existing liens that become prohibitively expensive as the pending lawsuit goes on. When Legal Capital takes a case, we first pay off the other company and give your client a new lawsuit funding contract based upon our flat-fee pricing.

Q: Where do you offer your services?
A: We offer our lawsuit funding services to accident victims in New York, Illinois, New Jersey, Connecticut and Pennsylvania. Our main offices are located in New York City and in Chicago.

If you’re in New York City or Chicago, Legal Capital will even come to you to review the case file and complete the necessary paperwork for you.  We want to make it as convenient as possible for you to get a no interest cash advance, so you won’t have to take a risk your client borrowing money from you or taking out a lawsuit loan.