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[Lawsuit Financing]
The Basics of Pre-Settlement Funding
Everything You Should Know Before You Sign
Depends on 2 aspects:
First: Determine What Your
Case Is Worth
DamagesLiability
• a percentage of responsibility is
assigned to the defendants for the
injury
• depends upon the specifics of the
case
Liability:
Determining Liability
• are financial losses a person sustains as
a result of an injury, accident
or negligent action
• total damages will depend upon the
severity of injury and effects on a
plaintiff’s life
• can commonly include:
- medical expenses
- lost wages
- emotional distress, mental anguish
- pain & suffering
Determining Legal Damages
Damages:
According to the Bureau of Justice
Statistics (2005):
• median length of 22 months to from
complaint to civil trial
• trials can resolve quickly or take years
depending on complexity and backlog of
the courts and the type of case
• settlement funding can be delayed by a
number of factors, and getting your
check can take a long time
Source: http://www.bjs.gov/content/pub/pdf/pdasc05.pdf
How Long Does A Legal Case
Usually Take To Resolve?
Can I Win If I Go To Trial?
According to the Bureau of Justice
Statistics (2005):
• plaintiffs won in 56% of all general civil
trials concluded in state courts
• among all plaintiffs winners the median
final award was $28,000
According to Bureau of Justice
Statistics (2005):
• 4% of all plaintiff winners win $1M or
more
• contract cases have higher median award
($35,000)
• awards in medical malpractice jury trial
($400,000) 17 times greater than median
award in tort jury trials
Source: bjs.gov
Civil Trial Financial Recovery
Data
According to the Bureau of Justice
Statistics (2005):
• 30%: plaintiffs received punitive
damages in civil trials
• $64,000: median punitive damage
• $1M or more Damages in 13%: cases
with punitive awards
• 22 months: average complaint to trial
length
Source: http://www.bjs.gov/content/pub/pdf/pdasc05.pdf
Legal Suit Resolutions By
The Numbers
How Often Are Big Compensatory
Damages Awarded?
Amount of
Compensatory
Damages Awarded
Number of Civil Trials Punitive Damages
Sought
None 9,733 11%
$1 - $50,000 9,462 12%
$50,001 - $100,000 2,012 12%
$100,001 - $250,000 1,527 15%
$250,001 - $1M 1,347 15%
Over $1M 638 25%
[Data] Percentage of civil trials in state courts with litigations
seeking punitive damages:
Source: “Punitive Damages Awards in State Courts, 2005”
Punitive Damages: By Case
Type
[Data] Plaintiff winners awarded punitive damages in civil trials in
state courts (by case type), 2005:
0%
5%
10%
15%
20%
25%
Fraud Employment Unknown
contract
Buyer plaintiff Rental/lease Seller plaintiff
Case Types: contract
Seeking Punitive Damages?
[Data] Plaintiff winners awarded punitive damages in civil trials in
state courts (by case types), 2005:
0%
5%
10%
15%
20%
25%
30%
35%
Medical malpractice Automobile Intentional tort Other tort Product Liability
Case Types: tort
How Often Do Plaintiffs Win?
According to the U.S. Department of Justice report:
0%
10%
20%
30%
40%
50%
60%
70%
Motor vehicle related
incidents
Intentional tort trials Premises liability
trials
Product liabilities Medical malpractice
The Success Rate For Plaintiffs
Who Do Individual People
Most Commonly Sue?
According to the report (2005):
Who Individual People
Sue
Number of Lawsuits What’s Their Average
Award
Individuals vs.
Individuals
11,224 $20,000
Individuals vs.
Businesses
7,472 $80,000
Individuals vs.
Government
1,546 $80,000
Individuals vs.
Hospitals
1,383 $600,000
How Long Do Personal Injury
Cases Take In Court?
According to the U.S. Department of Justice report:
Personal Injury Cases
(that would go to trial)
The Average Court Process Time
Tort lawsuits 23 months
Motor vehicle accidents 20 months
Medical malpractice 31 months
Premises liability 24 months
Intentional tort cases 25 months
What Is Pre-Settlement
Litigation Funding?
Pre-Settlement Litigation Funding:
• non-recourse cash advances,
secured against a legal settlement
or award, given to the plaintiff
repaid after the lawsuit is won and
the settlement funded
What Does Settlement Financing
Require of the Borrower?
Pre-Settlement Litigation Funding:
• is not a loan, in the traditional sense
• doesn’t require payments until a
settlement funds
• doesn’t require repayment if you don’t
receive compensation / win your case
Legal Financing Process:
As Easy As 1-2-3
With client’s permission,
the lender will discuss
the case details with the
client’s attorney
Case qualifies?
Then funding is approved
The contracts signed.
Money is funded!
1
2
3
Eligibility Requirements
• borrowers must be involved in a lawsuit
and are represented by an attorney
• borrowers that have a lawsuit settlement
and are awaiting payment
Does My Case Qualify For
Settlement Loan?
• applications are evaluated individually
• cases which typically qualify for
settlements:
- auto accidents
- personal injury cases
- medical malpractice
- pedestrian injury
- pharmaceutical & drug injury lawsuits
- product liability
- premises liability
- wrongful death
- labor & employment disputes
The Reasons People Choose Pre-
Settlement Funding?
• allows to receive cash quickly (can
help if falling behind on bills waiting
on a lengthy legal process)
• there’s no risk involved
• qualification is based upon the details
of your case - it’s likelihood of success
• only a few eligibility requirements for
lenders (state of residence restrictions
for some lenders)
• funds aren’t limitless
(in general, you will not receive more than
10% of the anticipated settlement amount)
• upon winning your case the agreed
amount will be deducted from your
awarded settlement
(in general, the rates are higher than bank
loan rates)
What Drawbacks Should Be
Considered?
Have More Questions?
Have your rights been violated?
For more information about your pre-settlement
finance options and to find out if you qualify for legal
funding, visit here:
www.lawsuitlegal.com
Connecting people with legitimate legal claims to
attorneys nationwide who can help, Lawsuit Legal
makes it simple and easy to acquire award-winning
legal assistance when it's needed most.
About LawsuitLegal.com
401 E. Las Olas Blvd, Suite 130-484, Ft. Lauderdale, FL 33301
Phone (Toll Free): (888) 713-6653 | Connect with Us on Facebook
Brought to you by: https://www.lawsuitlegal.com

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[Lawsuit Financing] Everything You Should Know Before You Sign

  • 1. [Lawsuit Financing] The Basics of Pre-Settlement Funding Everything You Should Know Before You Sign
  • 2. Depends on 2 aspects: First: Determine What Your Case Is Worth DamagesLiability
  • 3. • a percentage of responsibility is assigned to the defendants for the injury • depends upon the specifics of the case Liability: Determining Liability
  • 4. • are financial losses a person sustains as a result of an injury, accident or negligent action • total damages will depend upon the severity of injury and effects on a plaintiff’s life • can commonly include: - medical expenses - lost wages - emotional distress, mental anguish - pain & suffering Determining Legal Damages Damages:
  • 5. According to the Bureau of Justice Statistics (2005): • median length of 22 months to from complaint to civil trial • trials can resolve quickly or take years depending on complexity and backlog of the courts and the type of case • settlement funding can be delayed by a number of factors, and getting your check can take a long time Source: http://www.bjs.gov/content/pub/pdf/pdasc05.pdf How Long Does A Legal Case Usually Take To Resolve?
  • 6. Can I Win If I Go To Trial? According to the Bureau of Justice Statistics (2005): • plaintiffs won in 56% of all general civil trials concluded in state courts • among all plaintiffs winners the median final award was $28,000
  • 7. According to Bureau of Justice Statistics (2005): • 4% of all plaintiff winners win $1M or more • contract cases have higher median award ($35,000) • awards in medical malpractice jury trial ($400,000) 17 times greater than median award in tort jury trials Source: bjs.gov Civil Trial Financial Recovery Data
  • 8. According to the Bureau of Justice Statistics (2005): • 30%: plaintiffs received punitive damages in civil trials • $64,000: median punitive damage • $1M or more Damages in 13%: cases with punitive awards • 22 months: average complaint to trial length Source: http://www.bjs.gov/content/pub/pdf/pdasc05.pdf Legal Suit Resolutions By The Numbers
  • 9. How Often Are Big Compensatory Damages Awarded? Amount of Compensatory Damages Awarded Number of Civil Trials Punitive Damages Sought None 9,733 11% $1 - $50,000 9,462 12% $50,001 - $100,000 2,012 12% $100,001 - $250,000 1,527 15% $250,001 - $1M 1,347 15% Over $1M 638 25% [Data] Percentage of civil trials in state courts with litigations seeking punitive damages: Source: “Punitive Damages Awards in State Courts, 2005”
  • 10. Punitive Damages: By Case Type [Data] Plaintiff winners awarded punitive damages in civil trials in state courts (by case type), 2005: 0% 5% 10% 15% 20% 25% Fraud Employment Unknown contract Buyer plaintiff Rental/lease Seller plaintiff Case Types: contract
  • 11. Seeking Punitive Damages? [Data] Plaintiff winners awarded punitive damages in civil trials in state courts (by case types), 2005: 0% 5% 10% 15% 20% 25% 30% 35% Medical malpractice Automobile Intentional tort Other tort Product Liability Case Types: tort
  • 12. How Often Do Plaintiffs Win? According to the U.S. Department of Justice report: 0% 10% 20% 30% 40% 50% 60% 70% Motor vehicle related incidents Intentional tort trials Premises liability trials Product liabilities Medical malpractice The Success Rate For Plaintiffs
  • 13. Who Do Individual People Most Commonly Sue? According to the report (2005): Who Individual People Sue Number of Lawsuits What’s Their Average Award Individuals vs. Individuals 11,224 $20,000 Individuals vs. Businesses 7,472 $80,000 Individuals vs. Government 1,546 $80,000 Individuals vs. Hospitals 1,383 $600,000
  • 14. How Long Do Personal Injury Cases Take In Court? According to the U.S. Department of Justice report: Personal Injury Cases (that would go to trial) The Average Court Process Time Tort lawsuits 23 months Motor vehicle accidents 20 months Medical malpractice 31 months Premises liability 24 months Intentional tort cases 25 months
  • 15. What Is Pre-Settlement Litigation Funding? Pre-Settlement Litigation Funding: • non-recourse cash advances, secured against a legal settlement or award, given to the plaintiff repaid after the lawsuit is won and the settlement funded
  • 16. What Does Settlement Financing Require of the Borrower? Pre-Settlement Litigation Funding: • is not a loan, in the traditional sense • doesn’t require payments until a settlement funds • doesn’t require repayment if you don’t receive compensation / win your case
  • 17. Legal Financing Process: As Easy As 1-2-3 With client’s permission, the lender will discuss the case details with the client’s attorney Case qualifies? Then funding is approved The contracts signed. Money is funded! 1 2 3
  • 18. Eligibility Requirements • borrowers must be involved in a lawsuit and are represented by an attorney • borrowers that have a lawsuit settlement and are awaiting payment
  • 19. Does My Case Qualify For Settlement Loan? • applications are evaluated individually • cases which typically qualify for settlements: - auto accidents - personal injury cases - medical malpractice - pedestrian injury - pharmaceutical & drug injury lawsuits - product liability - premises liability - wrongful death - labor & employment disputes
  • 20. The Reasons People Choose Pre- Settlement Funding? • allows to receive cash quickly (can help if falling behind on bills waiting on a lengthy legal process) • there’s no risk involved • qualification is based upon the details of your case - it’s likelihood of success • only a few eligibility requirements for lenders (state of residence restrictions for some lenders)
  • 21. • funds aren’t limitless (in general, you will not receive more than 10% of the anticipated settlement amount) • upon winning your case the agreed amount will be deducted from your awarded settlement (in general, the rates are higher than bank loan rates) What Drawbacks Should Be Considered?
  • 23. Have your rights been violated? For more information about your pre-settlement finance options and to find out if you qualify for legal funding, visit here: www.lawsuitlegal.com Connecting people with legitimate legal claims to attorneys nationwide who can help, Lawsuit Legal makes it simple and easy to acquire award-winning legal assistance when it's needed most. About LawsuitLegal.com 401 E. Las Olas Blvd, Suite 130-484, Ft. Lauderdale, FL 33301 Phone (Toll Free): (888) 713-6653 | Connect with Us on Facebook Brought to you by: https://www.lawsuitlegal.com