Litigation Financing Rates

LawLeaf receives questions almost every day regarding litigation financing rates. “I was involved in a personal injury or have a commercial litigation claim and I would like to know how much money this is going to cost me?” When a company evaluates a case for funding they will generally focus on the type of claim, strength of case & damages.

Type of claim: When we talk about types of claims we are talking about case types. There are many case types within personal injury and commercial litigation. Examples of personal injury claims can be motor vehicle accidents, slip & falls and medical malpractice. Commercial litigation cases include patent infringement, wrongful termination and contract disputes. The type of claim a litigation financing company will take sometimes depends upon their niche. For instance while some companies like medical malpractice lawsuits other companies steer clear away from them.

Strength of claim: If negligence has been proven a litigation financing company will be more interested in the case. The stronger the claim the more likely the client will receive litigation financing. Negligence also play a big part on the type of rate. The riskier the case the higher the rate. This is because litigation financing is typically non recourse; you only pay back the loan if you are successful in winning compensation from the lawsuit.

Damages: The more severe the injury or damages the more attractive you case looks. If you were severly injured the more likely you will get an approval. Soft tissue injuries can be harder to fund.

Litigation financing rates are generally a combination of all three areas however negligence or strength of case will ultimately be the deciding factor. If the claim is strong the chances of receiving funding increases. If you are currently searching for litigation financing more than likely your rate will range from 2% and up to 10%. The stronger the case and the more severe the damages the better chance you have in securing a lower rate.

Since LawLeaf works with several different lending sources who all look at cases differently, it is very hard to estimate a claim without having the appropriate documentation. If you are interested in finding out a rate for your claim, begin by applying online with LawLeaf today. For additional information on lawsuit funding process please visit LawLeaf today.

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