Funding for your firm & get your clients the awards they deserve.
Attorneys know all too well that lawsuits can take months or years.In the interim, they have ongoing operating expenses as well as mounting litigation expenses for discovery efforts and hiring experts. As a result, it is common for contingency fee attorneys and law firms to face working capital shortages while waiting for their cases to settle.
Cherokee Funding provides attorneys increased cash flow through lawsuit settlement funding to operate the business while they advance their cases and develop new clients. Unlike traditional financing institutions which can take weeks and requires years of audited financial statements, Cherokee’s application process is simple – provide information on one or more contingency fee case(s) and Cherokee provides financing within 48 hours.
Cherokee provides working capital lines of credit that can used for operating expenses. The size of the credit line is based on the attorney’s pending contingent fee cases and uses their uncollected legal fees as collateral. Cherokee charges a one-time transaction fee and interest until the credit line is paid off.
Cherokee’s Settled Case Funding program provides attorneys can receive cash immediately for cases that are settled or verdict awarded but the proceeds have not yet been received. Under this program, Cherokee purchases a portion of the attorney(s) fees at a discount to the full value of the fee.
Cherokee’s Pending Case Funding program provides attorneys with financing for their anticipated attorney fees on pending contingent fee case(s). At Cherokee, we understand the long timeframes and leverage associated expenses that come with many lawsuits. These are the reasons why it is common for contingency fee attorneys to need additional working capital while they work toward settlement.
Cherokee provides funding on many types of cases including:
We fund almost all types of cases. Our sophisticated business and risk models can accommodate additional case types and situations, so if you don’t see your case type on the list, just give us a call at 855-394-2274 to discuss the details.