Attorney funding or a law firm loan requests must
be a minimum of $100,000. Smaller attorney loans may be
considered on a case basis.
Funding is non-recourse: if the
cases submitted for collateral all lose, no loan payback is
Attorneys/firms pledge their potential attorney
fees from one or more pending cases as collateral for the advance(s).
LTV is capped at 20% of the anticipated attorney fees.
Attorneys/firms must have moderately good
credit. There is no minimum FICA score,
however there should be no judgments, IRS liens, etc. against the
Pricing for attorney funding or a law firm loan
can vary greatly. It is more expensive than other avenues for
capital, however, the basis for the higher pricing stems from the
fact that investors are assuming 100% of the risk in funding
which is secured only by the successful outcome of the case.
Pricing is similar to plaintiff funding (3% -4%
per month, compounded monthly) and depends on the types of cases and
the risk of those cases settling. For example, auto accident cases
usually receive a lower rate than medical malpractice cases or slip
and fall cases due to liability reasons.
Often, pricing is based on a multiplier for a
specific time period, instead of an accrued interest rate. The table below is an example of how
attorney funding pricing
may be calculated on a $100,000 attorney cash advance:
0 to 6 months
12 to 18 months
12 to 18 months
Applying for an attorney funding loan with Excalibur Funding
Programs gives you access to millions of dollars made available to our
clients by large institutional funds. We understand the legal industry
from the inside out since our team includes financial, business and
Call us at (800) 996-5340 to have a confidential
discussion about your litigation loan needs. You need submit
only a one page application accompanied by the appropriate case documentation.