NATIONWIDE FUNDING GROUP understands the special needs of lawyers, particularly attorneys whose hard-earned fees are based upon the pressures of contingency practice. Our goal is to create loans that make sense to you and allow stress free short and long term financial planning for your firm.

We specialized in getting cash advances, providing loans and lines of credit to plaintiffs and law firms . Working capital lines of credit allow you to borrow much more than the bank. Banks can be difficult lenders because they simply don't understand how to evaluate your portfolio of cases. We do.

When You Need Lending Solutions

The Law Firm Lending Program gives your law firm easy and expeditious access to a reliable monetary source and eliminates the capital commitment and economic burden associated with operating your law firm and preparing cases for settlement and trial. Often, lawyers are unable to obtain loans from conventional sources without pledging their personal assets because attorneys' accounts receivable and contingent legal fees are viewed as unsuitable collateral. Yes, many BAR associations have approved this funding solution. BAR opinions are available from each BAR association ( also see our Lawsuit Ethics Opinion page ).

Personal Injury Litigation Often Requires Significant Capital

Your firm needs working capital to maximize settlements and awards, maintain case momentum, support cash flow and pay other office expenses, including staff and partner distributions.

We do what banks can't - get you cash now -- against your contingent fees. Traditional banks don't regard monies owed to law firms by their clients as suitable collateral. This is mainly because legal fees may be wholly or partially contingent upon recovery and the bank has no experience in assessing the value of a law practice as collateral. This means that your largest asset - legal fees due from clients - is completely disregarded by lending institutions as security for business loans and lines of credit.

We understand what your collateral is and know how to value it.

Lending Services

• Borrow What You Need: Once approved, your Law Firm may request a credit line ranging from $50,000 up to $10,000,000, based upon our assessment of the total value of your law practice. Unlike banks, our affiliates staff attorneys and legal professionals that are skilled at evaluating the borrowing power of case portfolios.

• Security: Loans are secured by the law firm's assets --its portfolio of cases. There is no need to make any annual "pay-off" of the loan as some lines of credit require. Firm partners are not asked to pledge their individual property or personal assets as collateral.

• Take Your Time to Pay: Credit lines are re-accessible and have flexible payment terms - up to 4 years to repay with interest-only payments during the first 24 months.

• Painless Application Process: We know you're busy. We have advisors to personally assist you.

• Fast Approval for Attorneys: As a lawyer, you are entitled to make an initial application over the phone in as little as 5 minutes. After receipt of the completed application form and all necessary documents you will be notified of credit availability within 24 hours.

Consider the Tax Advantages, Too

Monthly interest payments are tax-deductible. Compare: you receive no tax advantages when you finance your own cases -- unless you lose!

Apply for a Loan Today !

CLICK HERE to Apply NOW
or call us Toll Free 1-800-355-0649 to get your application started Now.

Whether borrowing for the first time or refinancing your current line of credit, you want the dynamics of your practice to be properly understood and fairly evaluated. We can help.

Frequently Asked Questions

Can the funds borrowed be used for any other purpose ?

Yes. The law firm may utilize the proceeds of a loan for any business reason, including working capital, advertising, cash flow, office expenses, partner distributions, additional staff and the funding of retirement plans.

May an attorney borrow funds from a third party to pay litigation expenses and the trial preparation costs of his cases ?

Yes. There is no prohibition against a lending arrangement between counsel and an unrelated, non-legal entity to finance cases.

How is the loan repaid ?

These are interest-only loans for the initial period, typically 24 months. In addition, as each of your cases settles, a portion of your fee is applied to reduce the principal. The remaining principle is amortized over a period of time that works for you.

What type of security is sought ?

The law firm pledges corporate assets (i.e. its client receivables); personal assets need never be pledged.

Why shouldn't the law firm just take a loan from a bank ?

First, because the bank will typically require that the individual partners pledge their personal assets as collateral for the loan. Also, the partners will be required to sign loan agreements which prohibit them (and the firm) from incurring any further personal debt without the bank's consent (a "negative pledge"). Finally, typically, the bank views contingent fee receivables or invoices more than 30 days overdue as unsuitable collateral -- essentially because the bank is unable to adequately assess the value of your cases and the fees due to the firm. Your firm will receive substantially less funding from the bank.

Are there any tax advantages to borrowing ?

Yes. Monthly interest payments are tax-deductible. You receive no tax benefits when you finance your own cases - unless you lose !

Why not borrow from other lenders specializing in litigation funding ?

To our knowledge other litigation funding companies limit your loan to the amount you actually expended on case disbursements. But, we can get you loans based on the value of your entire client fee portfolio.

What role does the lender assume in connection with the clients or cases ?

None. You are in charge of your own portfolio. The lender merely acts as a lender to the law firm.

I'm busy. How long does this process take and how much paperwork is involved ?

Loans under the Law Firm Lending Program are quick and easy. Only a few documents from the firm are required. In addition to the application form a non-refundable $ 500 application fee may be charged. After receipt of all necessary documentation, you will be notified of credit availability within 24 hours.

Is there a minimum loan amount ?

Yes. The amount sought must be at least $ 50,000, which must remain outstanding for the first 120 days.

Click Here to make an initial application for a loan
or call us Toll Free 1-800-355-0649 for a no cost Confidential Consultation.