Slip & Fall Litigation Financing

If you are currently searching for slip and fall litigation financing, begin by applying online with LawLeaf today. Slip and fall litigation financing is an advance against a pending or already settled claim. The money is borrowed from a hedge fund or investor with an agreement the loan will be paid back with interest after the case has reached a settlement. Litigation financing is non-recourse meaning if you lose your case, you don’t pay back the lender.

At LawLeaf we receive inquires from clients each week that have been involved in slip and fall cases. The most common question we receive is how much money can be obtained through an advance in regards to a slip and fall.

Slip and falls are classified as personal injury related cases. This means that the person that was injured they may receive compensation for damages resulting in the injury. When determining the amount of money you may borrow against a slip and fall it’s important to first understand the total worth of your claim. Slip and fall litigation financing can provide a plaintiff a percentage of the total worth of a claim. The percentages typically range from 5%-20% for pre settlement cases and upwards of 25% for slip and fall cases that have already been settled.

What does this mean? If your attorney estimates the dollar amount of the case is worth $100,000 and liability is clear, the plaintiff may receive upwards of $20,000 for a claim that is going through the litigation process i.e. pre settlement funding. If the claimant recently won a verdict or a settlement was reached for $100,000 a person may receive $25,000+ also referred as post settlement funding.

Slip and fall litigation financing is oftentimes used by plaintiffs that are unwilling to settle their case for less than fair compensation. If the insurance company or defendant is unwilling to settle the case for the total amount requested by the plaintiff the case could go on for months or years. If the claimant is not in the financial position to wait they may consider an early settlement or perhaps litigation financing.

If you are considering litigation financing for a slip and fall lawsuit, begin by contacting LawLeaf today.

For additional information on slip and fall lawsuit funding, visit LawLeaf on the web.

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