The difference between attorney funding and plaintiff funding is primarily the recipient. If a law firm or plaintiff meets its criteria, Mustang Funding can provide an advance necessary to boost legal resources for an attorney or prevent a plaintiff from falling behind on bills. The amount of funding available is generally based on the strength of the case and the likelihood of a financially successful outcome.
For plaintiffs, the advance is tied to the amount they may receive from a settlement or judgment. For attorneys, it is based on their contingency fee share, which typically ranges from 30% to 40% of the client’s recovery. To learn more, contact Mustang Funding today.
Attorney Funding
Since personal injury law firms generally operate on a contingency basis, they do not collect their fees from their clients until the case is resolved. That can take years. With attorney funding, lawyers are not forced to settle for less than their client deserves due to their overhead and other expenses, such as:
- Expert witnesses – Case outcomes are often heavily influenced by expert witness testimony. Top expert witness testimony comes at a significant cost.
- Trial exhibits – Juries can better understand what happened in a particular case with trial exhibits. However, the cost for accident scene reconstruction and similar exhibits created by experts can be prohibitive. Attorney funding allows for this demonstrative evidence to be seen.
- Court fees – Pay court fees with law firm funding.
Funds are provided through flexible, customizable pre-settlement arrangements for qualifying attorneys and law firms. Our attorney and law firm funding allows you to afford to work on a contingency basis for clients in need of a personal injury lawyer and access to justice.
Attorney funding is generally non-recourse. If the case does not resolve in the plaintiff’s favor, no money is owed.
Plaintiff Funding
With plaintiff funding or pre-settlement funding, you can obtain compensation before your case is resolved in as quickly as a few days, without a complicated application process. After a serious accident due to another party’s negligence, you may find it hard to stay afloat financially while waiting for your case to be resolved. Accessing cash quickly is crucial because plaintiffs often feel pressured to settle their case for less than it’s worth.
Pre-settlement funding is a non-recourse cash advance provided in exchange for a portion of your potential future settlement. Unlike a traditional loan, you are not required to repay the advance if you lose your case.
There are typically no restrictions on how you spend it. Many of our clients use this funding to cover rent or mortgage costs, medical bills, and other daily living expenses.
Other benefits include:
- Does not affect your credit: Good credit is not required to qualify for pre-settlement funding, and applying will not impact your credit score.
- No employment check required: Approval is based solely on the strength of your legal claim, not your work history or income.
- No monthly payments: Unlike loans or credit cards, pre-settlement advances are repaid in one lump sum at the conclusion of your case.
Keep in mind, while pre-settlement funding is becoming more widely available, some states prohibit lawsuit advances at this time. Check with your attorney or apply online, and a representative with Mustang Litigation Funding will get back to you to discuss your options.
Contact Mustang Funding Today
Mustang Litigation Funding provides best-in-class capital solutions for law firms, plaintiffs, litigation vendors, and other legal assets. We offer ethical institutional litigation funding to support justice. If you are an attorney in need of funding to take on a promising case or a plaintiff in need of money until your case is resolved, Mustang Funding can help. Learn more from our ultimate guide to pre-settlement funding.
About Mustang Funding
Mustang Funding, founded in 2018 and based in Wayzata, MN, is a litigation finance company dedicated to empowering individuals and law firms nationwide with transparent and innovative financial solutions. With over $170 million funded, 10,000+ checks issued, and more than 3,000 cases financed, Mustang provides plaintiff pre-settlement funding, law firm financing, and commercial funding to meet diverse client needs. Their commitment to transparency, integrity, and expertise sets them apart, offering tailored financial support to plaintiffs, businesses, and legal professionals. By bridging capital gaps and fostering access to justice, Mustang Funding continues to lead the legal asset investment industry with a strategic, inclusive, and forward-thinking approach.
