Yes, your attorney needs to approve your request for pre-settlement legal funding. Personal injury cases can be very complicated, and the other side may have an entire team of lawyers working to give you the least amount of money possible. Representing yourself is not at all advised, and it’s always a good idea to have your lawyer look over all the paperwork related to your case – including your legal funding agreement.
If you’re hurting financially because you’re out of work while your claim proceeds, pre-settlement legal funding is a good idea. The other side is hoping that you may feel pressured to accept a smaller settlement than you deserve because you need cash now. With pre-settlement legal funding, that pressure goes away.
How Your Lawyer Can Help
While you’re the one who applies for pre-settlement legal funding, your lawyer will be familiar with how it works. For most personal injury lawyers, approving requests for pre-settlement legal funding is a win-win situation. It’s a win for you because you can stop the financial stress and pay your bills. And it’s a win for your lawyer because it gives them more time to negotiate the best settlement they can.
Discuss with your attorney, then complete the form on our Apply Now page to get started.
If you’re approved for legal funding and you and your lawyer sign the financial agreement, we can transfer the funds to your account within 24-48 hours. Stop stressing about paying your bills and start focusing on helping your attorney negotiate the best settlement possible.
In This Article
We Need Your Lawyer’s Cooperation to Provide Legal Funding
At High Rise Financial, we only work with clients who have a personal injury lawyer working on their claims. This is for both your protection and ours.
Personal injury claims are complicated, so it is highly recommended that you find a lawyer to represent you. And the Alliance for Responsible Consumer Legal Funding (ARC)’s Best Practices requires that we advise you to have a lawyer review your pre-settlement legal funding agreement before you sign. This ensures you are clear on what you are signing before you sign.
Further, we depend on your attorney’s cooperation to determine if we can offer you legal funding and how much we can offer you. If your lawyer refuses to cooperate, then we cannot process your application–let alone approve it.
To apply for free, call (877) 735-0016
The Information Your Attorney Must Provide
In order for us to approve your application and provide you with pre-settlement legal funding, we need to know (or predict) how much your eventual settlement will be. To do this, we need to know the specifics of your case.
You must give your attorney permission to provide us with this information, as they are bound by attorney-client privilege not to divulge the details of your case unless you give the go-ahead.
We can assure you that we maintain the highest level of confidentiality and will not divulge your information to anyone.
The information we need includes:
- Details of how, when, and where your accident happened
- Who the defendant is (individual, corporation, or a government agency)
- How severe your injuries are
- If you are permanently disabled or will fully recover
- Your current and future medical expenses
- Property damage
- The amount of lost income (current and future)
- If you are the main earner for your family
- If you can pursue punitive damages
Approving Your Application
Once we have all of the information we need, our underwriters determine if we can approve you for legal funding and how much. Most of our clients get approved, but if your lawyer doesn’t cooperate or you have a weak case, you may be denied.
If approved, the underwriters will come up with a predicted settlement or court award. They do this by using industry calculators, as well as comparing your claim to similar cases in your state.
We will then present you and your attorney with a written offer, which will include:
- The amount of pre-settlement legal funding we can provide
- The amount of our one-time fee
- A clause stating that this is a no interest, no payments source of funding
- A clause stating that you repay us in full when you win your case
Your Attorney Must Sign the Legal Funding Agreement
In addition to approving the application for legal funding and cooperating with the approval process, your attorney must sign the legal funding agreement along with you. Neither of you is obligated to sign it if you don’t think it’s a good deal. But if the agreement looks fair to you both and you both sign it, we can then transfer the funds to your bank account within 24-48 hours.
One of the main reasons your attorney must sign the pre-settlement legal funding contract is because of the repayment process. When we say “you repay us when you win your case,” it’s actually your attorney who pays us.
When you settle your case or win a court award, the money first goes to a special account your attorney’s firm has access to. The firm’s finance department then pays us directly out of those settlement funds. They deduct their legal fees and any other required fees, then transfer the rest of the funds to you.
If You Lose Your Case
If your personal injury attorney is like most in the field, then they are working on a contingent fee basis. It’s the same with High Rise Financial. If you lose your case, we don’t get paid.
This is yet another reason that we only work with personal injury plaintiffs who have a lawyer and a strong case. We take on the risk, so we want to make sure we’ll get paid when all is said and done.
Complete a Free Application form now
Apply for Pre-Settlement Legal Funding Today
If you’re having trouble making ends meet while your personal injury claim proceeds, pre-settlement legal funding is a risk-free option to get the money you need now. In most cases, we can process your application in as little as an hour.
While High Rise Financial is based in Los Angeles, California, we provide pre-settlement legal funding to personal injury plaintiffs from all over the country. To get started, complete the form on the Apply Now page. You can also call us at (866) 407-6404 if you need assistance or have questions.